Posted: 4 months ago

Global Employers to Cut 83 Million Jobs by 2027: World Economic Forum Report

A report by the World Economic Forum has revealed that global employers plan to create 69 million jobs and cut 83 million by 2027. The findings highlight the impact of technological advancements, with 42% of tasks expected to be automated by 2027.

While the transition to renewable energy sources will lead to new job creation, the report predicts a net job loss of 14 million, or 2% of current employment. Data analysts, machine learning, and cybersecurity experts will see a 30% increase in employment, while secretaries or data entry workers will lose their jobs.

The report's findings emphasize the importance of reskilling and upskilling programs to help workers transition into new roles and industries. Governments and employers must prioritize balancing technological progress and job security to prevent negative impacts on society and the economy.

As we move towards a more technology-driven world, it is crucial to ensure that no one is left behind. We must work together to create a future where technological advancements lead to job creation and a better quality of life for all.