A recent PwC poll showed 25% of CEOs plan to replace workers with AI this year.

The poll focused on generative AI, seen as a source of innovation and competition.

CEOs also see AI as a cost-cutting tool through 'headcount reduction'.

The entertainment industry is expected to be the most impacted with over 30% of CEOs anticipating layoffs.

Other industries expecting layoffs include insurance, banking, transportation, logistics, telecommunications, and retail.

The potential for job loss has already caused contract disputes and strikes in the entertainment industry.

Executives are advised to be cautious with AI implementation to avoid negative consequences.