ZURICH, July 23 : AI will not trigger a collapse in employment despite concerns the technology will displace large numbers of workers, a study by staffing company Adecco Group showed on Thursday .Employers have cited AI as responsible for nearly a quarter of job cuts in the United States this year, global out

A Wharton research paper says that AI-driven layoffs could reduce consumer demand so much that companies relying on revenue could also collapse.

AI will transform work by changing roles and tasks, not eliminating jobs. Employment rates remain high and unemployment is near historic lows globally. Companies must redesign…