Nine out of 10 CEOs plan on hiring more despite AI boom

Despite widespread adoption of artificial intelligence, 89% of CEOs of major U.S. corporations expect to increase overall headcount over the next three years. This is according to a survey released today by accounting firm KPMG, which contacted the CEOs of 400 major U.S. companies with at least $500 million in annual revenue. The results indicate that CEOs increasingly view AI as something to integrate into their processes, rather than a way to cut labor costs. About eight in 10 said AI has led their companies to reconsider how they develop employees, while three-quarters said they have reassessed the skills needed for entry-level positions. Another 86% said they are “redesigning roles, career paths, and team structure to reflect human-AI collaboration.” A similar percentage (83%) said they are focused on retaining or retraining “high-potential talent,” while 79% are hiring new talent with AI and tech capabilities. Meanwhile, just 53% said they are planning AI-related workforce reductions in some areas. While CEOs expect to continue pouring money into AI—84% list it as a top investment priority over the next three years—the returns on these investments are still materializing. Whi…

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