Nearly Half of Global Employers Plan to Replace Jobs with AI by 2025
A new report from the World Economic Forum reveals that 41% of employers worldwide are likely to reduce their workforce in the next five years, largely due to advancements in artificial intelligence (AI). This comes in the wake of rising concerns among workers after the rapid introduction of AI technologies like ChatGPT, which may usher in a wave of job displacement.
The survey, encompassing 1,000 global employers across 22 industries, indicates that companies anticipate a substantial number of roles becoming obsolete as automation takes over tasks typically performed by humans. Despite the potential for increased unemployment, there are signs of a shift: a significant portion of employers are looking to transition staff into emerging roles, highlighting the need for many workers to upskill to remain competitive.
Notably, around 70% of bosses plan to recruit individuals with AI skills, suggesting that future job prospects may favor those equipped with relevant technological expertise. This trend not only affects entry-level positions but also extends to executive roles; nearly half of CEOs surveyed believe AI could potentially replace their own jobs.
Research suggests that sectors most vulnerable to job losses include administrative roles, customer service, and creative fields such as copywriting. Goldman Sachs has projected that up to 300 million full-time jobs globally could be replaced by AI, with the U.S. alone facing significant workforce shifts as early as 2030.
As the landscape of employment evolves, workers are encouraged to adapt and acquire the necessary skills to navigate the changing job market.
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