All posts tagged: white-collar workers

AI Job Cuts Coming? Survey Shows Companies Plan To Shrink Workforce

The survey is one of the largest into the AI topic. A new survey by staffing firm Adecco Group suggests a wave of automation is coming, with 41% of executives at large companies worldwide expecting to reduce their workforce due to artificial intelligence (AI) within the next five years. This news comes amidst the growing adoption of generative AI, a technology capable of creating realistic text, images, and videos. While some see it as a tool to eliminate repetitive tasks, others fear it will render entire jobs obsolete. “Almost all jobs are going to be impacted by AI one way or another,” Adecco CEO Denis Machuel told Reuters. “AI can be a job killer, and it can also be a job creator. “Ten years ago, there was this big fear that many jobs were going to be destroyed by digital, when actually lots of jobs had been created by the digital world,” he said. “Between jobs created by AI and jobs destroyed, we believe this is going to be balanced.” The survey included executives from …