"Forecasting AI's Impact: Executives and Experts Predict Workforce Reductions Within 5 Years"

A global survey of 2,000 C-suite executives conducted by Adecco Group and Oxford Economics indicates that 41% of them expect AI to lead to reduced employment within the next five years. The executives, representing 18 industries in nine countries, foresee AI as a significant disruptor in the world of work, with 46% planning to redeploy affected employees internally and two-thirds intending to recruit individuals skilled in AI. While some believe AI will create new jobs, others, including Goldman Sachs economists, warn of potential job losses, particularly for white-collar workers, due to the rise of generative AI.