A new report by the World Economic Forum (WEF) forecasts that advancements in artificial intelligence (AI) will displace 92 million jobs, or 8% of the global workforce, by 2030.
The report highlights that 41% of employers globally expect to reduce their workforce as AI automates tasks, with roles such as graphic designers and legal secretaries being among the most affected. Generative AI tools are increasingly replacing jobs traditionally performed by humans.
While job displacement looms, the report identifies AI and big data as the fastest-growing skills, followed by networks, cybersecurity, and technology literacy. However, the lack of necessary skills among workers poses a significant challenge for employers as job roles evolve.
Despite the anticipated losses, AI is expected to create 170 million new roles by 2030, resulting in a net global job growth of 78 million jobs, or 7%. Employers are prioritizing retraining, with 77% of businesses planning to equip their workforce with AI-related skills.
The WEF emphasizes the importance of supporting workers through this technological transformation. “While technology will enhance productivity, it’s essential that workers are equipped with the skills to adapt. Without proper support, millions may face job displacement,” the report concludes.
As AI reshapes the workforce, organizations and policymakers will need to focus on skill development and retraining to ensure workers are prepared for the future of work.
