A CEO denied raises to spend money on AI instead. Companies have ‘no idea what they’re going to need in a workforce’ when the AI race is over

Teradata and TTEC are cutting employee raises and 401(k) matches to redirect funds toward AI investments, with companies believing this will drive revenue growth. A Resume Builder survey found over half of business leaders plan similar cost-cutting in favor of AI, though experts warn of potential long-term workforce risks.