"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."

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

“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.

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

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.

Artificial intelligence is here to stay, and while some have embraced the technology, others are understandably worried about its swift evolution and how it can potentially impact our livelihood. Well now,

By 2027, 60% of global manufacturers will adopt generative AI to rapidly enhance expertise among new workers. AI, combined with digital twins, will revolutionise industries by optimising performance and making data actionable.

Conversely, AI skills are increasingly in demand. Close to 70% of companies are planning to hire new workers with skills to design AI tools and enhancements, and 62% intend to recruit more people with skills to better work alongside AI, according to the latest survey, conducted last year.

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.