AI reshaping workforce dynamics with severe Job losses
A recent survey by Adecco Group suggests that artificial intelligence (AI) will lead to job reductions in many companies over the next five years.
Around 41% of senior executives anticipate smaller workforces due to AI technology based on a survey of executives at 2,000 large companies worldwide.
Artificial Intelligence and Machine Learning
Generative AI, capable of creating content like text, images and videos, is both praised for its potential to eliminate repetitive tasks and feared for its impact on job security.
Major tech companies like Google and Microsoft have already initiated layoffs in favour of AI systems. While AI is recognized as a game changer, most companies have not made enough progress in adopting it.
There is an urgent need to train existing staff in AI.