More Than 4-in-10 Firms Around the World Plan to Downsize Staff Due to AI
Artificial intelligence (AI) is transforming the job market, with 41% of companies planning to reduce their workforce as AI takes over some tasks, according to a recent survey by the World Economic Forum (WEF). According to the survey which looked at hundreds of big firms worldwide, 77% of companies plan to retrain and upskill staff members between 2025 and 2030 so they can work with AI systems. The WEF’s report, published last week, marks a shift in tone from its 2023 edition. Unlike before, the latest report stops short of describing technologies, including AI, as having an overall positive impact…