Survey: 26% of European Software and Tech Companies Plan Layoffs Due to ChatGPT

Artificial intelligence may be taking over jobs from humans! A new survey by Sortlist Data Hub shows that ChatGPT directly leads to a plan to lay off 26% of software and tech companies in Europe, followed by 22% of financial companies.

Sortlist surveyed 500 ChatGPT users from the UK, Belgium, Germany, Spain, the Netherlands, and France. While 23% of tech professionals and only 14% of finance employees saw ChatGPT as a threat, those most likely to be affected, employees in marketing and public relations departments, were unconcerned. Though half of the companies considered layoffs in these departments, only a quarter of employees worried about losing their jobs.

Of the companies surveyed, 43% hoped to use ChatGPT to write marketing copy, but only 36% of employees recognized the potential of chatbots in this area.

Among employees of all age groups, Generation X (born 1965 to 1980) was most worried about ChatGPT taking their jobs, with a proportion of 43%. In the finance sector, Gen X employees were twice as likely to fear layoffs as other generations. They believed that ChatGPT would not only replace marketing copywriters but also data analysts.

In addition, employees aged 18 to 24 were the most optimistic, believing that ChatGPT would double their productivity. The least optimistic age group was the 45 to 54-year-olds, of whom less than 5% agreed.

Furthermore, according to Sortlist’s survey, software and tech companies were willing to pay the most for ChatGPT Professional, the advanced version of OpenAI’s ChatGPT. 32% of companies were willing to pay more than 250 euros per month, and 52% were even willing to pay up to 500 euros for it.

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