CEO's predict job cuts from AI in 2024

A survey of global CEOs found a quarter expect to cut over 5% of staff this year as generative artificial intelligence (AI) rolls out. In a recently published report ahead of the World Economic Forum (WEF) meeting in Davos, UK accounting giant, Pricewaterhouse Cooper (PwC) found that media, entertainment, banking, insurance, and logistics firms are most likely to cut jobs due to AI automation. These industries anticipate generative tools handling tasks currently done by white-collar workers. Meanwhile, engineering, construction, and technology companies are less likely (but not immune) to be hit by AI disruption. Industry leaders estim......

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