Posted 1/19/2024, 1:00:43 AM
CEOs Predict AI Will Lead to Layoffs in Media, Insurance, Banking and Other Industries
- 25% of CEOs surveyed said they plan to reduce headcount by at least 5% in 2024 due to generative AI
- Over 30% of media/entertainment company CEOs expect AI will lead to layoffs
- Entertainment industry unions concerned about members losing jobs to AI
- Other industries where CEOs predict AI-driven layoffs insurance, banking, transportation, telecom, retail
- Article warns executives against recklessly adopting AI at the expense of workers