52% of CEOs Worldwide Expect Usage of Generative AI Drive Efficiency and Cost Savings This Year

37.0 M

A survey from the IBM Institute for Business Value stated that 52% of CEOs worldwide forecast that using generative AI would drive efficiency and cost savings next year. In the US, 37.0 million people will use AI at work this year, a 51.5% YoY increase. Additionally, 48% of senior marketing executives prioritize advanced AI skills training for key staff to prepare for generative AI in 2024, per a February 2024 survey by Adobe and Econsultancy.

8,000

Hexaware Technologies a global technology solutions provider, wants to expand its workforce, so the company wants to hire 6,000 to 8,000 employees globally by this year. Hiring locations would be India, the United States, Canada, Mexico, Poland, and the United Kingdom, with specific roles in various tech domains. Hexaware, with over 30,000 employees across 19 countries, offers perks like access to a learning platform for external certifications.

1,000

Microsoft's latest layoff plans have impacted Xbox for the second time this year. In January, Microsoft let go over 1,900 employees, including those from Xbox and Activision Blizzard. Recently, more than 1,000 workers from HoloLens and Azure were also laid off. The extent of the new layoffs remains unclear, but employees from the Xbox team have been vocal about their terminations. Microsoft with over 30,000 employees across 19 countries, appears to be focusing resources away from gaming and possibly towards AI initiatives.

600

Over 600 workers at John Deere will be impacted by layoffs by the end of the summer. These layoffs are not limited to the tech industry; John Deere’s job cuts in 2024 will affect 610 workers across Illinois and Iowa due to reduced demand for agricultural machinery. Additionally, the company plans to relocate some operations to Mexico by 2026. John Deere will provide affected workers with a Supplemental Unemployment Benefit covering 95% of their weekly net pay for up to 26 weeks.

48%

A recent survey by the CFA Institute reveals that two-thirds of graduates worldwide are worried AI and automation will hinder job prospects. The poll shows that 48% believe AI will make job hunting "slightly more difficult," and 13% think it will be "significantly more difficult." Despite this, 46% see AI as "quite important" and 20% as "very important" for career success, with 51% citing a "large benefit" from using automation tools. Confidence in future career prospects has risen to 78%, up from 75% the previous year. The survey included 9,916 respondents from 14 markets.