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CEOs Say Generative AI Will Result in Job Cuts This Year
A quarter of global chief executives expect the deployment of generative AI to lead to headcount reductions of at least 5 percent this year, according to a survey unveiled as world and business leaders gathered in Davos, Switzerland. FT: Industries led by media and entertainment, banking, insurance,...
A quarter of global chief executives expect the deployment of generative AI to lead to headcount reductions of at least 5 percent this year, according to a survey unveiled as world and business leaders gathered in Davos, Switzerland. FT: Industries led by media and entertainment, banking, insurance, and logistics were most likely to predict job losses because of cutting-edge AI tools, according to the poll of top directors conducted by PwC ahead of this week's World Economic Forum. The findings, based on interviews with 4,702 company chiefs spread across 105 countries, point to the far-reaching impacts that AI models are expected to have on economies and societies, a topic that will feature prominently at the annual meetings.
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