4 in 10 companies planning job cuts due to AI: Survey

4 in 10 companies planning job cuts due to AI: Survey
thehill.com

by Tara Suter • 22 days ago

A recent World Economic Forum survey reveals that 41% of global companies plan to cut jobs due to advancements in artificial intelligence (AI) within the next five years. The report highlights the rapid evolution of work driven by AI, particularly generative AI, and notes that 77% of employers intend to reskill their current workforce. The survey involved 1,043 companies and reflects broader economic and societal challenges.

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