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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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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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4 in 10 companies planning job cuts due to AI: Survey
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