Audit and consulting firm Deloitte is now looking to utilize AI to help avoid mass layoffs in the future, a first in an industry growing reliant on AI over employees.
Deloitte will be using AI to assign current employees to more in-demand positions based on their skills, Bloomberg reported.
Deloitte Records Highest Hire Rate of the Decade
The move comes after the company had its highest rate of new hires in 2022 and was followed by an additional 130,000 this year. Deloitte currently has 460,000 staff on its rosters.
However, recent company restructuring is putting many of its workers of having their jobs redundant.
Deloitte aims to avoid layoffs and manage future hirings with AI while still leveraging the technology to automate more basic tasks at the company.
Deloitte and its competitors have begun experimenting with AI, like ChatGPT, to eliminate repetitive and time-consuming work usually meant for junior staffers.
AI Being Introduced in More Workplaces
The fear of AI replacing actual workers has become more real as more companies leverage automation over their human employees.
Studies indicate that AI is linked to 37% of employees in the tech industry losing their jobs this year. The number is expected to rise to 44% in 2024, ResumeBuilder reported.
The layoffs are affected by slower growths due to supply chain disruptions, stricter regulations, and inflation in operation expenses.
Just recently, Spotify announced that it laid off 17% of its workforce in a move to "leverage AI" for its redundant jobs.
Deloitte is betting on the same AI used to replace many workers to help "be more efficient and effective about finding the right people."
Goldman Sachs is employing similar methods by developing dozens of AI projects to be integrated into its business practices to help remaining employees.
