"Half of employers plan to re-orient their business in response to AI," writes the WEF in the report. "Two-thirds plan to hire talent with specific AI skills, while 40% anticipate reducing their workforce where AI can automate tasks."

Artificial intelligence, or AI, has become a threat to jobs across many industries. If you work in one of them, you’re not going to stop it. That is the conclusion of a huge report by the World Economic Forum (WEF).

“Extrapolating from the predictions shared by Future of Jobs Survey respondents, on current trends over the 2025 to 2030 period job creation and destruction due to structural labour-market transformation will amount to 22% of today’s total jobs,” the report states.

Companies across the U.S., at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows.

A new study from World Economic Forum has highlighted what many people fear: AI will lead to job losses, with 41% of companies set to make layoffs by 2030.

There is more demand for AI skills. Nearly 70% of companies are planning to hire new workers with skills to design AI tools and enhancements, the survey said, and 62% plan to recruit more people with skills to better work alongside AI.

The global job market is poised for a significant transformation by 2030, with numerous jobs facing disruption, according to the World Economic Forum.

India will showcase its advancements in artificial intelligence, renewable energy, and frontier technologies at the World Economic Forum in Davos. The delegation, led by key ministers, aims to boost foreign investment and highlight economic opportunities and industrial progress across various states.

India will participate in a session on AI and FDI at WEF 2025 in Davos, highlighting its growing appeal as a prime investment destination. The session will discuss challenges and opportunities for sustainable investment.

According to a survey from the World Economic Forum, a 41% of employers will cut their staff levels in favor of Ai automation by 2030. Nearly 80% of large companies world-wide also say they will resell and up-skill workers to work alongside with Ai over the next 5 years.

This participation will reinforce the country’s role as a key player in addressing global challenges and driving innovation, the commerce ministry said.