A World Economic Forum report predicts that AI advancements will displace 92 million jobs by 2030 but also create 170 million new roles, leading to a net job growth of 78 million globally

[dropcap]A[/dropcap] recent report from the World Economic Forum (WEF) has highlighted the transformative impact of artificial intelligence (AI) on the global workforce, predicting that by 2030, AI will displace 92 million jobs, or 8% of the global workforce.

Also read: Elon Musk raises alarm over Google artificial intelligence chatbot

The report also notes that 41% of employers worldwide expect workforce reductions due to AI automating a range of tasks. Jobs such as graphic designers, legal secretaries, and similar roles are particularly vulnerable to these changes.

Despite the job losses, AI is also forecasted to create 170 million new jobs by 2030, leading to a net increase of 78 million roles globally, or a 7% growth in total jobs.

The growing demand for AI-related skills, including big data analytics, cybersecurity, and technology literacy, is driving the need for a new workforce capable of adapting to this evolving landscape.

However, the WEF report stresses that the skills gap among workers remains a significant challenge. As AI continues to replace human-driven roles across industries, there is an increasing need for retraining and upskilling.

To prepare for this transition, 77% of employers are planning to invest in retraining their workforce with AI-related skills.

The report warns that without proper support and proactive policymaking, many workers could face displacement without the opportunity to transition to new roles.

“While technology will enhance productivity, it’s essential that workers are equipped with the skills to adapt,” the report stated, emphasizing the importance of skill development, retraining, and strategic planning to ensure that workers can thrive in the future of work.

Also read: UN experts call for global cooperation on artificial intelligence governance

The WEF calls for a collective effort from employers, policymakers, and educational institutions to support workers through this technological transition and ensure that the benefits of AI are shared equitably across society.