The Young Are Being Battered by AI as Hiring Shifts to Older Workers

A global survey of CEOs by Oliver Wyman found that the share of executives planning to reduce junior roles over the next year or two has doubled from 17% last year to 43%. Meanwhile, those shifting hiring toward mid-level positions jumped from 10% to 30%. Because AI currently excels most at automating tasks typically performed by junior staff, this group is particularly vulnerable to disruption. Despite all this, more than half of CEOs say it's still too early to assess whether AI is actually delivering on its promised productivity gains. Only 27% said their return on AI investment had met or exceeded expectations, down from 38% just a year ago. Though mid-level employees seem better off than younger workers, the overarching trend is still a shift away from hiring. The survey showed that 74% of CEOs are either freezing or reducing headcount, up from 67% last year. [https://gizmodo.com/the-young-are-being-battered-by-ai-as-hiring-shifts-to-older-workers-2000759608](https://gizmodo.com/the-young-are-being-battered-by-ai-as-hiring-shifts-to-older-workers-2000759608)