Submission + - Companies getting a productivity boost from AI aren't turning around and firing (yahoo.com)
ZipNada writes: The explosion in AI models, software, and agents has raised questions about the impact of the technology on the broader job market as companies find new efficiencies from this new technology.
But according to EY's latest US AI Pulse Survey, just 17% of 500 business executives at US companies that saw productivity gains via AI turned around and cut jobs.
"There's a narrative that we hear quite frequently about companies looking to take that benefit that they're seeing and put it into the financial statements reducing costs, or cutting heads," EY global consulting AI leader Dan Diasio told Yahoo Finance.
"But the data that we asked those 500 executives does not bear that out. That is happening less than one out of five times, and more often they are reinvesting that," he added.
But according to EY's latest US AI Pulse Survey, just 17% of 500 business executives at US companies that saw productivity gains via AI turned around and cut jobs.
"There's a narrative that we hear quite frequently about companies looking to take that benefit that they're seeing and put it into the financial statements reducing costs, or cutting heads," EY global consulting AI leader Dan Diasio told Yahoo Finance.
"But the data that we asked those 500 executives does not bear that out. That is happening less than one out of five times, and more often they are reinvesting that," he added.
