A report from the British Standards Institution highlights that many business leaders are opting for artificial intelligence and automation to reduce workforce size instead of investing in employee training. Over 40% of surveyed leaders indicated that AI facilitates headcount cuts, with 31% prioritizing AI solutions over hiring. The report emphasizes that discussions on job automation overshadow workforce development, suggesting companies might prioritize AI for competitive advantage while neglecting human capital. Small and medium-sized businesses could play a crucial role in upskilling, offering more opportunities for training and employment.

Source: https://www.supplychaindive.com/news/some-employers-skip-the-upskilling-use-ai-to-replace-workers/803123/