AI expected to reduce workforce for large private sector firms

CIPD research findings

clock • 2 min read

Over one in four (26%) large private sector companies expect headcount to drop due to the impact of AI.

This is according to the Chartered Institute of Personnel and Development's (CIPD) Labour Market Outlook today (10 November), which revealed that 17% of employers expect a reduction in staff over the next year because of AI. The organisation surveyed 2,000 employers and saw that 17% of private sector companies overall expected workforce to reduce, compared to 20% in the public sector. Among those who expect headcount to lower due to AI over the next 12 months, 26% predicted to lose more than 10% of their employees. Close to two-thirds (62%) of firms that forecast AI to shrink...

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