New York’s top fiscal watchdog is pressing major corporations to be more transparent about how artificial intelligence is reshaping their workforces.
State Comptroller Thomas DiNapoli warned that companies are failing to provide investors with clear information about how AI is affecting hiring, layoffs and long-term growth.
While businesses frequently highlight productivity gains tied to AI, DiNapoli said disclosures about workforce impacts remain inconsistent and incomplete, making it difficult to assess long-term risks.
Research cited in the report suggests AI could significantly disrupt employment, particularly for entry-level workers. Some projections indicate that up to half of entry-level white-collar jobs could be at risk in the coming years, with broader implications for economic stability.
The rapid pace of AI adoption — faster than previous technological shifts — raises concerns about how quickly companies and workers can adapt. Economists warn that poorly managed transitions could lead to widespread job displacement and reduced consumer demand.
DiNapoli has urged companies in the state pension fund’s portfolio to disclose more detailed information about layoffs, retraining efforts and governance strategies related to AI.
He argues that without greater transparency, investors cannot fully evaluate whether workforce changes are part of sustainable growth strategies or short-term cost-cutting measures.
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