The Information Technology and Business Process Association of the Philippines (IBPAP) reported on Wednesday that 8 percent of its surveyed members reported a headcount reduction due to artificial intelligence (AI), but said it is optimistic that the number will not rise in the coming years.
At the 16th IT-Business Process Management (BPM) Summit in Parañaque Wednesday, IBPAP president Jack Madrid said there are more companies that reported headcount gains, or 13 percent of IBPAP members accounting for over 800,000 full-time employment (FTE) in the industry.
Madrid told reporters on the sidelines of the event that the 8 percent that reported a reduction only comprised five companies out of the 60 surveyed firms.
The IBPAP chief said he expects that the number of companies that lose jobs to AI will not increase if ITBPM firms will continue to retrain and upskill their talent pool....
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Via PNA