CEOs eye job cuts as AI adoption grows
The trend is underscoring employee concerns about their long-term stability, according to a Businessolver survey. Potential economic gain is one of the primary reasons businesses widen AI implementation plans, as automated outputs offer businesses a way to more with less. But cost concerns are mounting…
The trend is underscoring employee concerns about their long-term stability, according to a Businessolver survey. Potential economic gain is one of the primary reasons businesses widen AI implementation plans, as automated outputs offer businesses a way to more with less.
But cost concerns are mounting — in some cases, AI can get pricier than human workers; in other cases, businesses struggle to keep track of the costs they face. A dearth of AI skills in the overall workforce is threatening the success of implementation.
What Happened
AI use is common among professionals, but fewer than one-third describe themselves as having a high-level of familiarity with AI tools, according to CompTIA data. Trust in AI outputs is also lagging behind adoption efforts, as users grapple with concerns about data.
Experts expect private sector work on ESG issues and the clean energy transition to continue, albeit at a slower pace, under a reelected Donald Trump.
Several climate and ESG-related regulations at the Securities and Exchange Commission and Department of Labor are likely headed for the chopping block come January.
Experts expect private sector work on ESG issues and the clean energy transition to continue, albeit at a slower pace, under a reelected Donald Trump.
Key Details
Several climate and ESG-related regulations at the Securities and Exchange Commission and Department of Labor are likely headed for the chopping block come January.
But first, leaders should help set a “working agreement” on AI use, according to Klipfel, in order to align the standard practices and guardrails for AI adoption.
IT executives should strengthen cross-functional partnerships as the technology touches more processes across organizations, Klipfel said.
It’s up to executives to help shape the right cultural framework as adoption rolls on, Klipfel said.
Why It Matters
Amid the lack of trust in AI, Businessolver data found employer-sponsored AI training initiatives can lead to faster career progression, more confidence and optimism among workers.
What Reports Say
Coverage of the story so far points to:
Continued reporting by ESG Dive as more details emerge
