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World Economic Forum report: AI to cut 26m jobs in five years

A new report from the World Economic Forum (WEF) has revealed that up to 26 million jobs in record-keeping and administrative positions could be eliminated in the next five years as companies adopt artificial intelligence (AI) technologies. The study surveyed more than 800 companies employing 11.3 million workers across 45 economies worldwide. The report suggests that nearly a quarter of all jobs will change as a result of AI, digitisation, and other economic developments. However, the net impact of most technologies will be positive over the next five years as big data analytics, management technologies, and cybersecurity become the biggest drivers of employment growth. The report also identifies opportunities for job creation from investments that facilitate the green transition of businesses, a broader application of environmental, social, and governance standards, and a broad reorientation of global supply chains.


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