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CEO’s predict job cuts from AI in 2024


A survey of global CEOs found a quarter expect to cut over 5% of staff this year as generative artificial intelligence (AI) rolls out.

A survey of global CEOs found a quarter expect to cut over 5% of staff this year as generative artificial intelligence (AI) rolls out. In a recently published report ahead of the World Economic Forum (WEF) meeting in Davos, UK accounting giant, Pricewaterhouse Cooper (PwC) found that media, entertainment, banking, insurance, and logistics firms are most likely to cut jobs due to AI automation. One such risk has been identified ahead of the U.S. primary elections with state legislators moving to ban AI-generated images, deepfakes and other content that could imitate a candidate.

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