CEOS SAY GENERATIVE AI WILL RESULT IN JOB CUTS IN 2024

Summary from the TLDR newsletter

A quarter of global CEOs expect that generative AI will lead to a headcount reduction of at least 5% this year. Media and entertainment, banking, insurance, and logistics are the industries most likely to be affected by job losses due to cutting-edge AI tools. Engineering, construction, and technology firms are least likely to anticipate cuts because of automation. With AI, executives are most worried about the cybersecurity risks and the spread of disinformation.