AI will not trigger employment collapse, staffing company Adecco Group says

AI will not trigger a collapse in employment despite concerns the technology will displace large numbers of workers, a study by ‌staffing company ⁠Adecco Group showed ⁠on Thursday.

Employers have cited AI as responsible for nearly a quarter of job ​cuts in the United States this year, global outplacement firm Challenger, Gray & Christmas said. Microsoft ​said this month it was cutting about 2.1% of its workforce, joining HSBC Holdings, Amazon and Standard Chartered in a wave of layoffs as ​they shift investment toward AI.