Tag: workforce reduction

CEOs Targeting Generative AI to Reduce Workforce in 2024

As workforce challenges continue to confound healthcare organizations, nearly one in five CEOs anticipate utilizing generative AI this year to cut down on staff, according to a survey by PricewaterhouseCoopers (PwC). However, PwC’s annual global survey, which interviewed 4,702 CEOs across the world, found that healthcare leaders are less likely to turn to generative AI than […]

Today’s HR Leaders Must Play Both Offense and Defense When Managing a Workforce Reduction

2023 is not just another year of disruptions. It’s a year in which business and HR leaders must play defense and offense at the same time. This means performing a realistic appraisal of the current situation—inflation, recessionary concerns, and geopolitical instability—and making defensive adjustments to the business that may involve cutting back on staff. At […]