AI seen cutting worker numbers, survey by staffing company Adecco shows

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Artificial intelligence will lead to many companies employing fewer people in the next five years, staffing provider Adecco Group said on Friday, in a new...

ZURICH - Artificial intelligence will lead to many companies employing fewer people in the next five years, staffing provider Adecco Group said on Friday, in a new survey highlighting the upheaval AI will bring to the workplace.

The Adecco survey is one of the largest into the AI topic, and follows a 2023 World Economic Forum study which said 25% of companies expected AI to trigger job losses, while 50% expected the technology to create new roles. "Ten years ago there was this big fear many jobs are going to be destroyed by digital, when actually lots of jobs have been created by the digital world," he said. "Between jobs created by AI and jobs destroyed, we believe this is going to be balanced."

"We already engaged in training and up-skilling people on behalf of our clients," Machuel said. "We've sold a lot of consulting projects and the ramp-up that we see on that is quite interesting."When engineers at Russian oil firm Lukoil discovered a turbine had broken at their largest refinery on January 4, they quickly realised the problem was far from trivial.

Physician jobs, which can pay well, may see a shortage of workers through the next several years. Accountants are in demand.COPENHAGEN -Volvo Cars sold a record number of cars in March, boosted by the launch of its fully electric small SUV, the Swedish company said on Thursday, sending its shares up 4% in early trade. Sales for March rose by 25% from a year earlier to 78,970 vehicles, the highest number Volvo Cars has achieved for any single month, while first-quarter sales overall rose by 12%.

 

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