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Norway wealth fund CEO warns companies using AI only for layoffs could spark backlash
Technology
Published on 28 April 2026
He says job cuts alone may turn public opinion
Norway’s sovereign wealth fund CEO Nicolai Tangen says global firms should adopt AI to boost productivity and deliver broad societal gains. He cautions against using AI mainly to cut jobs, arguing that large-scale layoffs could provoke a strong negative backlash from the public. His message centers on responsible deployment rather than cost-cutting as the primary goal.
- AI should drive productivity and wider societal benefit
- Using AI mainly for layoffs risks public backlash
- Nicolai Tangen links job cuts to reputational blowback
- Focus should be on responsible, inclusive AI deployment
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times