“Extrapolating from the predictions shared by Future of Jobs Survey respondents, on current trends over the 2025 to 2030 period job creation and destruction due to structural labour-market transformation will amount to 22% of today’s total jobs,” the report states.

Artificial intelligence is coming for your job: 41% of employers intend to downsize their workforce as AI automates certain tasks, a World Economic Forum survey showed Wednesday.

Companies across the globe, at least 4 in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum’s (WEF)

There is more demand for AI skills. Nearly 70% of companies are planning to hire new workers with skills to design AI tools and enhancements, the survey said, and 62% plan to recruit more people with skills to better work alongside AI.

According to a survey from the World Economic Forum, a 41% of employers will cut their staff levels in favor of Ai automation by 2030. Nearly 80% of large companies world-wide also say they will resell and up-skill workers to work alongside with Ai over the next 5 years.

The report also highlighted that around 70% of companies are planning to hire new workers with skills to design AI tools and enhancements.