A recent World Economic Forum report has predicted that advancements in artificial intelligence will displace 92 million jobs, representing eight per cent of the global workforce, by 2030.

The report reveals that 41 per cent of employers worldwide expect workforce reductions as AI automates tasks, with roles like graphic designers and legal secretaries among the most vulnerable. Generative AI tools are increasingly replacing human-driven roles across industries.

Despite job losses, AI and big data are identified as the fastest-growing skills, followed closely by networks, cybersecurity, and technology literacy. However, the skills gap among workers remains a significant challenge as job roles evolve.

On a positive note, AI is forecasted to create 170 million new jobs by 2030, leading to a net increase of 78 million roles, or seven per cent global job growth. To address these shifts, 77 per cent of employers plan to retrain their workforce with AI-related skills.

The WEF underscores the importance of supporting workers through this transition.

“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 warned.

“As AI reshapes the global workforce, a focus on skill development, retraining, and strategic policymaking will be critical to preparing workers for the future of work,” it stated.

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