50% of U.S Tech Business Leaders Expect Layoffs and Hiring Due to AI Adoption

50%

The research from Ernst & Young revealed that 50% of U.S. business leaders in the tech industry anticipate a mix of layoffs and hiring due to AI adoption. Despite challenges in finding top tech talent, companies are reshaping their workforce to be AI savvy, with 82% planning to increase AI investment and focusing on roles like cybersecurity analysts and data scientists. Concerns persist around upskilling, regulation, and transparency, yet enthusiasm remains high for AI's potential to enhance competitiveness.

70%

Research suggests that implementing a blanket policy for hybrid work could have negative consequences. On the other hand, American Staffing Association's recent survey stated that 70% of U.S. adults favor hybrid or in-person work. While a significant portion of baby boomers lean towards remote work, only a quarter of Gen Z shares this preference. Additionally, almost half of employees report burnout, underscoring the importance of flexible and engaging work formats.

20

From 2025, New York employees will receive 20 hours of paid prenatal healthcare leave, distinct from the state's existing paid family and medical leave. This initiative aims to support pregnant individuals in attending appointments without affecting their 12 weeks of paid family leave. Additionally, employers are mandated to offer up to 30 minutes of paid break time for nursing employees to express breast milk for up to three years after childbirth, as announced by Governor Kathy Hochul.

92 M

According to a new white paper from the World Economic Forum in collaboration with Capgemini, global digital jobs are projected to reach approximately 92 million by 2030, with 73 million expected in 2024. These roles can be performed remotely from anywhere and are predominantly higher-paying. The paper identifies 218 job types out of 5,400 as suitable for digital work, with accounting, legal, finance, customer service, marketing, advertising, communication, and IT roles being prominent among them.

47%

As per SurveyMonkey Workforce, 47% of Gen Z workers admit to "coasting" at work, while 40% claim to thrive, marking a stark contrast from older generations. Additionally, 42% of Gen Z feel they are solely working for a paycheck, and they report the highest rates of wanting to quit within the last three months. Gen Z also reports having the least meaningful work (14%) and autonomy (21%) compared to other generations, highlighting a need for improved job satisfaction and engagement strategies.