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

ZURICH, July 23 : 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 per cent of its workforce, joining HSBC Holdings, Amazon and Standard Chartered in a wave of layoffs as they shift ‌investment toward AI.But Denis Machuel, CEO of Zurich-based Adecco, the world's largest staffing company, told Reuters some companies were using AI as a cover for cuts caused by weaker performance, restructuring or other problems. "AI is bringing a massive evolution in the