How Deloitte is looking at AI to avoid mass job cuts

Deloitte LLP, a consulting giant, is using artificial intelligence (AI) to avoid mass job cuts. The company is using AI to evaluate existing staffers’ skills and shift them into roles that are more in demand. Deloitte’s move comes after hiring 130,000 employees earlier this year, bringing its total headcount to nearly 460,000. Amidst these hirings, Deloitte and other consulting companies like Bain, Boston Consulting Group, and McKinsey are trying to figure out how to manage their new hires in a slow economy.