AI Technology Expected to Displace Jobs as Companies Adapt
A new report shows 41% of global companies plan to reduce their workforce due to advancements in AI technology by 2030.
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Summary
The World Economic Forum's latest report indicates that 41% of companies worldwide are planning job cuts by 2030 due to AI advancements. While 77% of employers aim to reskill their workforce, the roles of postal clerks, executive secretaries, and graphic designers are expected to decline significantly. However, there is a growing demand for AI-related skills, with companies eager to hire workers who can design AI tools. Despite concerns over job loss, some experts argue that AI could ultimately create new job opportunities.
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AI is expected to replace many jobs, with 41% of employers planning to automate tasks and downsize their workforce.
Despite fears about job loss, a large percentage of companies are also planning to upskill their employees to work alongside AI technologies, indicating a recognition of the need for adaptation.
Experts suggest that while AI may displace certain jobs, it is not expected to lead to mass unemployment as technology has historically led to job creation as well.
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Highlights (3)
Now, that technology may actually be replacing humans — with 41% of companies worldwide planning to cut their workforce by 2030 in favor of artificial intelligence.
41% of global companies could cut workforce in favor of AI by 2030: Report
Straight Arrow News
·CenterThe underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.Reliable
But unlike in previous years, the report did not say that most technologies, including AI, were expected to be “a net positive” for job numbers.
Survey: 41% of companies worldwide plan to downsize and use AI
Salon
·LeftThe underlying sources generally maintain reliability but have, at times, included opinion pieces, propaganda, or minor inaccuracies. While typically factual, there may be occasional editorialization or subjective interpretation.Mostly Reliable
As we enter 2025, the landscape of work continues to evolve at a rapid pace. Transformational breakthroughs, particularly in generative artificial intelligence (GenAI), are reshaping industries and tasks across all sectors.
4 in 10 companies planning job cuts due to AI: Survey
The Hill
·CenterThe underlying sources consistently report facts with minimal bias. They demonstrate high-quality journalism and accuracy across multiple articles.Reliable