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Are UPS AI-driven Job Cuts Part of Bigger Trend?

Jan 30, 2024 | worth.com | Sean Captain |Dan Costa |Marshall Honorof |AI Hopes

After the boom years of the pandemic shopping spree, package delivery giant UPS is taking a hit. (And it doesn’t’ help that the golden goose of shipping demand—Amazon—is taking more and more of its delivery work in house.) The latest bomb to drop came today (Jan. 30) when UPS announced it is cutting 12,000 employees this year from its over 500,000-person workforce. The company expects the move to save it $1 billion per year, and it says that AI will help make up for the staffing cuts.
AI's Seismic Impact on the C-suite

Jan 29, 2024 | worth.com | Dan Costa |Marshall Honorof |AI Hopes |Sean Captain

In the brisk winter air of Davos, amidst the buzz of the World Economic Forum, a distinguished panel convened to explore an increasingly pertinent theme: the transformative impact of artificial intelligence on the roles of C-suite executives. The session drew leaders, including Valerie Beaulieu-James, chief sales and marketing officer at The Adecco Group; Matt McDonald, president of the Penta Group; and Ravin Jesuthasan, senior partner at Mercer.
Artificial Intelligence and the Transformation of Marketing

Jan 23, 2024 | worth.com | Dan Costa |Marshall Honorof |AI Hopes |Sean Captain

Conversations about AI dominated the agenda in Davos this year, and few corporate functions stand to be more impacted than marketing and communications. Techonomy, a Worth Media Brand, partnered with OPRG CEO Chris Foster and Mastercard CMO Raja Rajamannar to gather a group of the world’s leading marketing and communications executives to candidly discuss how they see AI impacting their profession.
AI Requires Greater Emotional Intelligence from CEOs - Worth

Jan 21, 2024 | worth.com | Dan Costa |Marshall Honorof |AI Hopes |Sean Captain

Matt McDonald isn’t worried about AI taking away jobs. But he cautions that CEOs need to understand the opportunities it provides and the new skills and ways of doing business that it requires. The president of corporate insights and strategy firm Penta Group sees AI as fundamentally different from other recently hyped technologies such as blockchain. “[AI] is more accessible to everybody.