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Fortune
Fortune
Nino Paoli

Walmart CEO wants 'everybody to make it to the other side' and the retail giant will keep headcount flat for now even as AI changes every job

Walmart Inc. President and CEO Doug McMillon delivers a keynote address during CES 2024 at The Venetian Resort Las Vegas on January 9, 2024 in Las Vegas, Nevada. (Credit: Ethan Miller/Getty Images)

CEOs aren’t shying away from what labor market experts have been saying for months: AI is transforming the workforce.

From bankers to consulting firms, business leaders are restructuring rapidly as AI adoption becomes mission critical. CEOs of global companies expect AI investments to more than double in two years, and 61% are actively adopting AI agents at scale, according to a May IBM study.

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