Nearly 3 in 4 Global Enterprises See ROI in the First Year of GenAI Use

5.4M

The latest Job Openings and Labor Turnover Survey (JOLTS) shows the labor market is cooling down. In August, total hires dropped to 5.3 million from 5.4 million in July. Quits fell to 3.1 million, and layoffs decreased to 1.6 million, down 100,000 from the previous month. Compared to August 2023, there are half a million fewer hires and total separations are down by over 600,000. Despite this slowdown, experts expect hiring to pick up in September as companies prepare for the holiday season.

254,000

In September, the U.S. job market exceeded expectations with nonfarm payrolls rising by 254,000, significantly up from a revised 159,000 in August and surpassing the 150,000 forecast. The unemployment rate dropped to 4.1%, and average hourly earnings increased by 0.4%, reflecting a 4% annual gain. The robust job creation was particularly driven by the hospitality sector, which added 69,000 jobs, indicating continued strength in the economy.

73%

A recent survey revealed that 73% of Amazon employees are considering leaving the company due to the new mandate requiring a return to the office five days a week starting January 2025. Additionally, 91% expressed dissatisfaction with this schedule, and 80% know someone actively seeking another job because of the policy. As Amazon's CEO emphasizes the benefits of in-office collaboration, employees remain concerned about the potential impact on morale and retention, particularly among higher-level staff.

74%

A recent Google Cloud poll revealed that 74% of enterprises using generative AI (GenAI) reported a return on investment (ROI) within the first year. Additionally, 86% of these enterprises anticipate an overall revenue increase of over 6%, while 45% noted that productivity has at least doubled due to GenAI. Despite some impatience regarding ROI, 56% of respondents also reported improvements in their security posture as a result of implementing this technology.

59%

In 2024, incidents of identity fraud using audio and video deepfake tactics rose to 49%, a significant increase from 29% and 37% in 2022. The UAE reported a high vulnerability to video deepfakes at 56%, while Singapore faced a similar threat with audio deepfakes, also at 56%. In the USA, 59% of business leaders cited fake or modified physical documents as a key identity fraud tactic, up from 49% in 2022. Overall, 58% of leaders worldwide noted that such documents remain the top identity fraud tactic, underscoring the need for enhanced cybersecurity measures.