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.

Companies across the globe, at least 4 in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows. A survey in the World Economic Forum’s (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.

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.