41% of Executives Anticipate AI to Reduce Workforce Size, Survey Finds

A global survey highlights the need for reskilling and upskilling as AI transforms the job market, with major tech firms studying and addressing potential impacts.

A global survey by Adecco Group and Oxford Economics reveals that 41% of executives expect to employ fewer people due to AI within five years, highlighting AI's significant impact on the workforce.
Executives are also emphasizing the importance of reskilling and upskilling employees, with 46% planning to redeploy workers internally and two-thirds planning to hire AI-skilled individuals.
The tech industry, including major companies like Google and Microsoft, is actively studying AI's potential job impacts and forming consortia to address job losses and reskilling needs.
Economic reports and studies predict that AI could affect up to 300 million jobs globally, with white-collar jobs being most at risk.
Despite concerns over job losses, there is also a focus on AI's potential to create new job opportunities and improve workplace efficiency.