Wednesday, December 27, 2023

Plot twist: Consulting firm Deloitte is reportedly using AI to prevent layoffs - Lakshmi Varanasi, Business Insider

Deloitte is using AI to potentially shift existing employees into new roles, Bloomberg reported. The move could help the firm stave off mass layoffs and balance new hiring growth. Deloitte is one among several consulting firms figuring out how to deal with new hires. The rapid advances in AI will bring about significant disruptions to the labor market. The bad news is that some workers are going to see their jobs and skills replaced by automation. The good news, though, is that AI could also help workers move into roles that are more in-demand. And major consulting firms like Deloitte are doing exactly that. The firm is deploying AI technology to assess its current employees' skills and figure out how to move them into areas of the business that are more promising, according to Bloomberg. The firm is essentially making a bet that AI will not only help it avoid mass layoffs, but also moderate its hiring growth in the coming years, Bloomberg reported.