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AI-Application to Downsize Employee Strength

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AI-Application to Downsize Employee Strength

(3 Minutes Read)

Only 6 per cent of companies with over 50,000 employees expect low AI exposure by 2030, compared to 16 per cent of companies with fewer than 1,000 employees and 15 per cent of those with 1,000-5,000 employees.

A significant share of employers across the globe expect to downsize their workforce as Artificial Intelligence (AI) capabilities to replicate roles, The Future of Jobs Survey of the World Economic Forum has found. While most employers plan to hire new people with AI-relevant skills, a significant share (41%) also expect to downsize their workforce within the next five years. In the Financial Services (97%) and Electronics (95%) sectors, anticipated AI exposure is notably higher than the global average.

By contrast, employers in sectors such as Energy Technology and Utilities (72%) and Government and Public Sector (76%) expect lower exposure to AI disruption by 2030.

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Larger organizations are considering their business model will be transformed by AI. Only 6 per cent of companies with over 50,000 employees expect low AI exposure by 2030, compared to 16 per cent of companies with fewer than 1,000 employees and 15 per cent of those with 1,000-5,000 employees.