The next frontier of work is here, where AI agents are the new coworkers and algorithms operate as office assistants. The advanced tech is already causing a wave of layoffs, resulting in more than 54,000 announced job cuts last year alone. Now, Citigroup CEO Jane Fraser is joining the list of bosses who are stepping in to make sure their staffers can weather the storm.
“AI has the potential to make tremendous changes. It’s going to create huge numbers of new jobs that we can’t even imagine what they are today,” Fraser recently told the Washington Post at Davos. “It will change the nature of what people do every day … And it will take some jobs away.”
