54% of Tech Hiring Managers Say Layoffs Likely This Year, General Assembly Report Finds [Yahoo! Finance]
ADECCO GROUP AG UNSP/ADR (AHEXY)
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Source: Yahoo! Finance
NEW YORK, April 22, 2025 BUSINESS WIRE )--More than half of tech hiring managers (54%) say their companies are likely to conduct layoffs within the next year, and 45% say employees whose roles can be replaced by AI are most likely to be let go, according to a new study by talent and upskilling leader General Assembly. At the same time, 69% say it's very likely that advancements in AI will create demand for new roles. And more than three-quarters of tech hiring leaders (76%) admit it's very or completely likely that there's potential to upskill or reskill the employees slated for layoffs. "We're on the precipice of an unprecedented skills crisis," said Daniele Grassi, CEO of General Assembly. "Businesses are ramping up AI investments and reducing headcount in the name of productivity, but they are creating a widening skills gap that will ultimately slow transformation. It's time to get AI skills to every employee." Key findings from the survey of IT hiring managers and HR profes
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