The news: A new IBM report suggests that CEOs are taking different approaches to the impact of generative AI on their workforces. What the numbers say: According to the survey of 3,000 CEOs, 46% have already hired more employees due to generative AI, while 26% plan to do so in the next 12 months. However, 43% reported reducing or redeploying staff because of the emerging technology, with 28% planning to do so in the next year. Despite this, only 28% of CEOs have actually assessed the impact of generative AI on their workforces. The big picture: AI is causing disruptions in the tech industry, leading to layoffs and a shift in hiring. Tech companies like Chegg, IBM, and Dropbox have cited AI as a reason for job cuts. While some fear that AI will render entire skill sets obsolete, the immediate impact seems to be a reallocation of resources toward AI technology and a growing demand for workers with AI skills.
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