"“There's no question that the entry-level hire is under pressure,” WeWork CEO John Santora said in an interview at Fortune's Workplace Innovation Summit on Tuesday. It's up to senior leaders to help solve the problem. “It's incumbent upon all of us to bring that talent in and to educate the talent and teach them to be the future growth of all our organizations,” he told Fortune senior writer Phil Wahba."
"“AI is not going to provide empathy and leadership and mentoring and all those skills that you need to lead a company for a company to be successful.” Santora has a career that seems unimaginable for Gen Z workers. He worked at the real estate firm Cushman & Wakefield for 47 years, rising from building engineer to chief operating officer."
"“The hype is real,” Brown said. “The fear-mongering is a real challenge because it does create a lot of this, not just uncertainty, but I think employees are really wondering what their place is.” But, she says, the data tells another story, and companies are “AI-washing” their need to shrink their workforce in a “volatile economy.”"
"A recent National Bureau of Economic Research study found that almost 90% of C-suite executives say that AI has had no impact on employment since the release of ChatGPT in November 2022."
Entry-level roles in highly AI-exposed fields are becoming rarer as companies downsize, increasing pressure on new hires. Senior leaders are expected to bring in talent and educate it to become future growth for organizations. AI cannot replace empathy, leadership, and mentoring needed to run successful companies. A career path can be reinvented later in life, with experienced leaders training new talent. While uncertainty about AI’s impact on work creates fear, data suggests AI has not broadly reduced employment. Some companies are described as “AI-washing” workforce reductions in a volatile economy, and a study reports that nearly 90% of C-suite executives saw no employment impact since ChatGPT’s release in late 2022.
#ai-and-jobs #gen-z-employment #workforce-development #leadership-and-mentoring #labor-market-uncertainty
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