41% of global companies could cut workforce in favor of AI by 2030: Report

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Craig Nigrelli Anchor

By Craig Nigrelli (Anchor), Shea Taylor (Producer), Michael Edwards (Video Editor)

Futuristic sci-fi movies have warned of technology taking over for decades. Now, that technology may actually be replacing humans — with 41% of companies worldwide planning to cut their workforce by 2030 in favor of artificial intelligence.

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According to the World Economic Forum’s latest Future of Jobs Report, AI is making it easier to automate certain tasks, cutting out the need for some human employees.

Out of the hundreds of large global companies surveyed for the report, 77% said they’re planning to reskill or upskill current employees to work better alongside AI.

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So, how does one compete with a computer? Know thy enemy.

The report shows 70% of companies are planning to hire new employees who can design AI tools and enhancements, and 62% plan to recruit more workers who already have the skills needed to better work alongside AI.

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Postal service clerks, executive secretaries and payroll clerks are among the employees expected to see their numbers drop drastically in the next few years, whether due to the spread of AI, or other trends.

The report also found that, for the first time ever, graphic designers and legal secretaries’ jobs are among the fastest declining job roles. The report said this decline may be an example of AI’s “increasing capacity to complete knowledge work” — like creating original text, images and other content in response to prompts from users.

There are just some things a computer can’t do, however. The report predicts a significant increase in demand for jobs that call for a little human touch, like nursing and teaching.

Tags: Artificial Intelligence, Economy, Employment, Jobs, teachers, Tech, Technology, Unemployment

[Craig]

IT’S THE FUTURE SCI-FI MOVIES WARNED US ABOUT… AND NOW – IT’S HERE.

I’M TALKING ABOUT TECHNOLOGY REPLACING HUMANS… LITERALLY.

41 PERCENT OF COMPANIES WORLDWIDE PLAN TO CUT THEIR WORKFORCE BY 20-30… IN FAVOR OF ARTIFICIAL INTELLIGENCE.

ACCORDING TO THE WORLD ECONOMIC FORUM’S LATEST FUTURE OF JOBS REPORT… A-I IS MAKING IT EASIER TO AUTOMATE CERTAIN TASKS – CUTTING OUT THE NEED FOR SOME HUMAN EMPLOYEES.

AND OUT OF THE HUNDREDS OF LARGE GLOBAL COMPANIES SURVEYED FOR THE REPORT… 77 PERCENT SAID THEY’RE PLANNING TO RE-SKILL OR UP-SKILL CURRENT EMPLOYEES TO WORK BETTER ALONGSIDE A-I.

SO HOW CAN YOU COMPETE WITH A COMPUTER?

KNOW THY ENEMY.

THE REPORT SHOWS 70 PERCENT OF COMPANIES ARE PLANNING TO HIRE NEW EMPLOYEES WHO CAN DESIGN A-I TOOLS AND ENHANCEMENTS…

AND 62 PERCENT PLAN TO RECRUIT MORE WORKERS WHO ALREADY HAVE THE SKILLS NEEDED TO BETTER WORK ALONGSIDE A-I.

POSTAL SERVICE CLERKS, EXECUTIVE SECRETARIES AND PAYROLL CLERKS ARE AMONG THE EMPLOYEES EXPECTED TO SEE THEIR NUMBERS DROP DRASTICALLY IN THE NEXT FEW YEAR – WHETHER DUE TO THE SPREAD OF A-I OR OTHER TRENDS.

THE REPORT ALSO FOUND THAT FOR THE FIRST TIME EVER – GRAPHIC DESIGNERS AND LEGAL SECRETARIES’ JOBS ARE AMONG THE FASTEST DECLINING JOB ROLES… WHICH THE REPORT SAID MAY BE AN EXAMPLE OF A-I’S QUOTE “INCREASING CAPACITY TO COMPLETE KNOWLEDGE WORK” – LIKE CREATING ORIGINAL TEXT, IMAGES AND OTHER CONTENT IN RESPONSE TO PROMPTS FROM USERS.

BUT THERE ARE JUST SOME THINGS A COMPUTER **CAN’T** DO – THE REPORT PREDICTS A SIGNIFICANT INCREASE IN DEMAND FOR JOBS THAT CALL FOR A LITTLE HUMAN TOUCH, LIKE NURSING AND TEACHING.

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