US EditionGoldman Sachs Survey Finds Only 11% Of Companies Cutting Jobs As AI Adoption Rises: Report - Goldman Sachs Group (NYSE:GS)
Goldman Sachs forecasts a 4% job cut in one year and 11% in three years as AI adoption rises rapidly, mainly threatening customer support and administrative roles.
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Goldman Sachs Survey Finds Only 11% Of Companies Cutting Jobs As AI Adoption Rises: Report - Goldman Sachs Group (NYSE:GS)
A survey by Goldman Sachs Group Inc. (NYSE:GS) found that just 11% of clients in the technology, industrial, and finance sectors are actively cutting jobs as a result of AI adoption. The report gathered insights from more than 100 Goldman Sachs investment bankers. AI Drives Productivity Overcuts Bankers told analysts led by Jan Hatzius, chief economist and head of global investment research at Goldman Sachs, that 47% of their clients are using A…
Corporate America says AI isn't about cost-cutting, but jobs will go anyway, a Goldman Sachs banker survey finds
Daniel Priestley warned that AI is a tsunami that will split the economy in two — and sink anyone who doesn't adapt.IMAGO/Alexander Limbach via Reuters ConnectThe AI revolution could hit paychecks sooner than anyone expected, Goldman Sachs said.Companies are racing to use AI for productivity gains, not layoffs, at least for now.But customer support, admin, and IT jobs are first in line for job cuts.Corporate America has touted artificial intelli…
How do companies and organizations use artificial intelligence?
A survey of bankers from Goldman Sachs shows how US companies are really using AI – and what the consequences are for their employees.
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