A recently conducted survey has determined that artificial intelligence use will decrease the number of workers at thousands of companies over the next five years. Two thousand executives took part in the survey, which was carried out by Adecco Group, a Swiss staffing company, in collaboration with Oxford Economics.
The survey also found that 41% of executives expected to employ fewer individuals because of the advancements in technology. The poll’s results show the potential for artificial intelligence, which can create original images, text and other content in response to prompts, to revolutionize how individuals work and employment in general.
In a statement, Adecco Group CEO Denis Machuel stated that artificial intelligence was emerging as a great disruptor in work, noting that companies needed to do more to reskill and redeploy teams to capitalize on this technological leap.
The polled executives work in 18 industries, including retail, energy and the automotive sector, in nine countries. These countries include Canada, United States, Japan and Germany. Their workforces represent blue-collar and white-collar jobs.
About 46% of respondents revealed that they would redeploy employees internally if their work was affected by artificial intelligence. Additionally, two-thirds of respondents revealed that they planned to recruit individuals skilled in artificial intelligence compared to one-third who preferred to train their existing workforce in AI.
This isn’t the first poll to look at AI’s effects on employment.
A separate survey carried out by the World Economic Forum in 2023 found that in more than 80 international companies, about one-quarter expected artificial intelligence to cause some people to lose their jobs. Half of the companies surveyed also expected artificial intelligence to create new employment opportunities.
In their report, the World Economic Forum stated that employers expected most technologies, artificial intelligence included, to be a net positive for jobs in the next five years. The agency noted that climate change, big data analytics and environmental management technologies as well as cybersecurity and encryption were expected to be the largest drivers of job growth.
While this outlook is positive, it provides little consolation to employees who have already lost their work to artificial intelligence. In the last year, tech companies such as Duolingo and Dropbox revealed artificial intelligence was the primary reason for recent layoffs.
Economists at Goldman Sachs stated in 2023 that about 300 million jobs could diminish or be lost worldwide by the rise of generative artificial intelligence. White-collar workers expect to be hit the hardest.
For AI companies such as Palantir technologies Inc. (NYSE: PLTR), the software solutions developed are geared at helping companies analyze data and make better business decisions. Some job losses could occur in the long run, but reducing employee numbers is often not an objective.
About AINewsWire
AINewsWire (“AINW”) is a specialized communications platform with a focus on the latest advancements in artificial intelligence (“AI”), including the technologies, trends and trailblazers driving innovation forward. It is one of 60+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, AINW is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today’s market, AINW brings its clients unparalleled recognition and brand awareness.
AINW is where breaking news, insightful content and actionable information converge.
To receive SMS alerts from AINewsWire, text “AI” to 888-902-4192 (U.S. Mobile Phones Only)
For more information, please visit www.AINewsWire.com
Please see full terms of use and disclaimers on the AINewsWire website applicable to all content provided by AINW, wherever published or re-published: https://www.AINewsWire.com/Disclaimer
AINewsWire
Los Angeles, CA
www.AINewsWire.com
310.299.1717 Office
Editor@AINewsWire.com
AINewsWire is powered by IBN