Adecco Group launched a survey on Friday that predicts AI will lead to fewer jobs for many firms in the next five years.
Artificial intelligence will result in many organizations employing fewer people over the next five years, according to a new survey released on Friday by employment firm Adecco Group (ADEN.S).
According to Adecco’s analysis based on a poll of executives at 2,000 large organizations worldwide, 41% of senior executives expect to have reduced workforces as a result of AI technology.
Generative AI, which can generate text, photographs, and videos in response to open-ended suggestions, has sparked both excitement and anxiety that it would remove monotonous chores and render some industries obsolete.
The Adecco survey is one of the largest on the AI topic, and it follows a 2023 World Economic Forum study that found 25% of firms expected AI to cause job losses, while 50% expected the technology to create new opportunities.
However, while most senior executives polled by Adecco believe AI is a game changer, the clear majority believe they have made insufficient progress in embracing the technology.
“Almost every job will be impacted by AI in some way,” Adecco CEO Denis Machuel stated. “AI has the potential to both eliminate and create jobs.
“Ten years ago, there was this big fear that many jobs were going to be destroyed by digital, when actually lots of jobs had been created by the digital world,” he went on to say. “Between jobs created by AI and jobs destroyed, we believe this is going to be balanced.”
Companies should prepare for the disruption by teaching their employees to work with AI, according to Machuel, rather than hiring outside specialists.
Adecco surveyed businesses in the United States, the United Kingdom, France, Germany, Japan, Spain, Canada, Australia, and Singapore. The sectors studied were defense, pharmaceuticals, healthcare, industry, and logistics.
The Swiss company, which already employs AI to assist clients in building resumes, views the technology as a “massive opportunity” in its work with consumers.
“We are already engaged in training and upskilling people on behalf of our clients,” he said. “We’ve sold a lot of consulting projects, and the ramp-up that we see on that is quite interesting.”
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