A recent survey by the World Economic Forum (WEF) has revealed that 41% of companies globally are planning to reduce their workforce by 2030 due to the increasing automation capabilities of artificial intelligence (AI). This significant shift in employment dynamics highlights the dual nature of AI's impact on the job market, where certain roles may diminish while new opportunities arise.
Key Takeaways
41% of companies plan to downsize their workforce by 2030 due to AI.
77% of companies intend to reskill and upskill existing employees to work alongside AI.
Jobs such as postal service clerks and executive secretaries are expected to decline significantly.
There is a growing demand for AI-related skills, with 70% of companies looking to hire AI specialists.
The Impact of AI on Employment
The WEF's Future of Jobs Report indicates that AI is not merely a tool for efficiency but a catalyst for strategic workforce adjustments. As AI technologies automate various job functions, businesses are re-evaluating their workforce needs. The report highlights that while some jobs will be lost, others will emerge, particularly in sectors that require human-AI collaboration.
Jobs at Risk
The report identifies several roles that are likely to face the most significant declines:
Postal Service Clerks
Executive Secretaries
Payroll Clerks
Graphic Designers
Legal Secretaries
These positions are increasingly being automated, reflecting AI's growing capacity to perform tasks traditionally handled by humans.
Reskilling and Upskilling Initiatives
Despite the anticipated job losses, the report also emphasises the importance of reskilling and upskilling. A substantial 77% of surveyed companies are planning to implement training programmes to help their existing workforce adapt to new technologies. This proactive approach aims to equip employees with the skills necessary to thrive in an AI-driven environment.
Emerging Opportunities
While AI poses challenges, it also creates new job opportunities. The demand for roles that require AI expertise is on the rise, with nearly 70% of companies planning to hire individuals skilled in AI tool design and enhancements. Key emerging roles include:
AI and Machine Learning Specialists
Data Analysts
Robotics Engineers
Cybersecurity Experts
These positions are expected to grow as companies seek to leverage AI technologies effectively.
The Future of Work
The WEF report suggests that the future of work will be characterised by a blend of human and machine collaboration. Rather than outright replacement, AI is likely to augment human capabilities, allowing workers to focus on tasks that require creativity, empathy, and complex problem-solving. This shift necessitates a workforce that is adaptable and skilled in both technical and human-centred competencies.
Conclusion
As AI continues to evolve, its impact on the job market will be profound. Companies must navigate this transition carefully, balancing workforce reductions with the need for skilled employees who can work alongside AI technologies. The coming years will be crucial in shaping a future where humans and machines collaborate effectively, ensuring that workers are not left behind in this rapidly changing landscape.
Sources
41% of companies worldwide plan to reduce workforces by 2030 due to AI, MSN.
41% of global companies could cut workforce in favor of AI by 2030: Report, Straight Arrow News.
WEF: AI to displace millions of jobs, with 41% of global companies planning cuts, Computing UK.
