Some CEOs expect at least a five percent reduction in employees in 2024 thanks to AI, PwC found. Leaders in media, banking, and insurance are most likely to expect AI job replacement, study shows. Workers should learn how to use AI on the job to reduce company costs, PwC's AI lead told BI. When it comes to generative AI, many CEOs said they see adopting the technology as an opportunity to increase revenues and boost efficiency. "Some of those efficiency benefits appear likely to come via employee headcount reduction — at least in the short term — with one-quarter of CEOs expecting to reduce headcount by at least 5% in 2024 due to generative AI," PwC said.

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Persons: PwC, —, Bret Greenstein, Greenstein, Goldman Sachs, Kristalina Georgieva Organizations: Workers, Service, The Conference Board