92 million to be unemployed by… 170 million jobs will be …, shocking details revealed by World Economic Forum's report
The World Economic Forum's Future of Jobs Report 2025 predicts massive disruption in the global workforce by 2030,wherein it claims that 92 million jobs are set to disappear but at the same time 170 million new roles will emerge. Millions To Be Unemployed
The WEF report says, ''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.
It added that this is expected to create new jobs equivalent to 14% of today's total employment, amounting to 170 million jobs. At the same time it will take millions of people's job, ''However, this growth is expected to be offset by the displacement of the equivalent of 8% (or 92 million) of current jobs, resulting in net growth of 7% of total employment, or 78 million jobs.,'' says survey. 39% Skill Sets To Be Outdated
Survey states, on average, workers can expect that two-fifths (39%) of their existing skill sets will be transformed or become outdated over the 2025-2030 period. However, this measure of 'skill instability' has slowed compared to previous editions of the report, from 44% in 2023 and a high point of 57% in 2020 in the wake of the pandemic. This finding could potentially be due to an increasing share of workers (50%) having completed training, reskilling or upskilling measures, compared to 41% in the report's 2023 edition.
Skill gaps are considered the biggest barrier to business transformation by Future of Jobs Survey respondents, with 63% of employers identifying them as a major barrier over the 2025- 2030 period. Accordingly, 85% of employers surveyed plan to prioritize upskilling their workforce, with 70% of employers expecting to hire staff with new skills, 40% planning to reduce staff as their skills become less relevant, and 50% planning to transition staff from declining to growing roles.
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92 million to be unemployed by… 170 million jobs will be …, shocking details revealed by World Economic Forum's report
Employee Layoffs- Representational image The World Economic Forum's Future of Jobs Report 2025 predicts massive disruption in the global workforce by 2030,wherein it claims that 92 million jobs are set to disappear but at the same time 170 million new roles will emerge. Millions To Be Unemployed The WEF report says, ''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. It added that this is expected to create new jobs equivalent to 14% of today's total employment, amounting to 170 million jobs. At the same time it will take millions of people's job, ''However, this growth is expected to be offset by the displacement of the equivalent of 8% (or 92 million) of current jobs, resulting in net growth of 7% of total employment, or 78 million jobs.,'' says survey. 39% Skill Sets To Be Outdated Survey states, on average, workers can expect that two-fifths (39%) of their existing skill sets will be transformed or become outdated over the 2025-2030 period. However, this measure of 'skill instability' has slowed compared to previous editions of the report, from 44% in 2023 and a high point of 57% in 2020 in the wake of the pandemic. This finding could potentially be due to an increasing share of workers (50%) having completed training, reskilling or upskilling measures, compared to 41% in the report's 2023 edition. Skill gaps are considered the biggest barrier to business transformation by Future of Jobs Survey respondents, with 63% of employers identifying them as a major barrier over the 2025- 2030 period. Accordingly, 85% of employers surveyed plan to prioritize upskilling their workforce, with 70% of employers expecting to hire staff with new skills, 40% planning to reduce staff as their skills become less relevant, and 50% planning to transition staff from declining to growing roles.
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Azim Premji didn't allow his son to stay in Wipro's guesthouse because…, today he is…
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Technologies that automate routine tasks, such as AI-powered kiosks in retail, automated logistics, and drone deliveries, are starting to replace jobs that have traditionally provided livelihoods to millions. According to the World Bank, up to 69% of jobs in India are at risk of automation over the next two decades, with the informal sector particularly exposed due to its reliance on low-skill, repetitive work. This risk is compounded by the reality that most informal workers lack access to retraining or social safety nets, making them especially vulnerable to displacement. This looming threat has unlocked changes across the entire ecosystem. Reports suggest that only 42.6% of Indians are considered employable as of 2024, underscoring a critical gap between the skills available in the labour market and those demanded by an AI-driven economy. As automation accelerates, the need for upskilling and reskilling becomes a survival strategy for millions. New opportunities and AI-augmented work: Emerging trends The good news, however, is, that the same forces that threaten traditional jobs are also opening up new avenues for employment. AI is creating demand for roles such as data annotation, content moderation, and other gig-based digital tasks. The World Economic Forum projects that AI will create 12 million more jobs globally than it displaces by 2025, and in India, digital interventions are expected to redeploy 40–45 million workers through retraining and reskilling by the same year. These new opportunities are not limited to the digital realm. AI is also enhancing traditional informal occupations. For example, artisans are using AI-powered design tools to access wider markets, and street vendors are leveraging analytics to optimize inventory and pricing, thereby increasing their profitability. This evolution from displacement to augmentation demonstrates that AI's impact on informal work is complex and multi-dimensional. 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By streamlining the hiring process and enhancing trust, these platforms are making it possible for informal workers to transition more smoothly into new roles, whether in the gig economy or AI-augmented traditional jobs. Skills gap and the imperative for AI-led upskilling However, the promise of AI-driven platforms can only be realised if the workforce is equipped with the necessary skills. The digital divide remains a significant barrier and this skills gap is particularly acute among rural, female, and marginalised workers, threatening to exclude them from the opportunities that AI is creating. To address this, leading platforms are embedding training modules, micro-credentials, and on-the-job learning into their ecosystems, helping workers acquire relevant skills as part of the recruitment and onboarding process. 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