Latest news with #FutureofJobsReport2025
India.com
4 hours ago
- Business
- India.com
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jobs, resulting in net growth of 7% of total employment, or 78 million jobs.,'' says survey. 39% Skill Sets To Be Outdated Survey states, on average, workers can expect that two-fifths (39%) of their existing skill sets will be transformed or become outdated over the 2025-2030 period.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.
Economic Times
3 days ago
- Business
- Economic Times
Forget BTech. Zerodha's Nikhil Kamath says only one skill will matter to stay relevant in job market in 10 years
Agencies Zerodha's Nikhil Kamath, citing the WEF's Future of Jobs Report 2025, warns that automation will replace millions of jobs by 2030, urging workers to embrace lifelong learning. Zerodha co-founder Nikhil Kamath has struck a chord, sparking both debate and reflection across the internet. Drawing from the World Economic Forum's Future of Jobs Report 2025, Kamath's warning isn't just about automation; it's about survival in an evolving world of work where adaptability has become the most valuable skill of all. 'The days of four-year college courses are over. Lifelong learning is the new norm—for everyone.' he declared in his X (formerly Twitter) post. By 2030, technology is projected to perform 34% of all tasks, up sharply from 22% today. The human share will decline to 33%, while hybrid models—where people and machines collaborate—will also account for a third of work. This quiet but steady encroachment signals a foundational shift in the nature of employment. According to the WEF report, 92 million jobs will be displaced globally by 2030. At the same time, 170 million new jobs will be created, resulting in a net increase of 78 million positions. Yet Kamath emphasizes that this growth hides a critical truth: it is only the adaptable who will benefit. 'You can't rely on what you learned a decade ago,' he says, issuing a call for continuous reinvention. — nikhilkamathcio (@nikhilkamathcio) Kamath's post resonated deeply with younger audiences, especially as he questioned the very foundation of conventional education. 'What jobs will be relevant in 10 years?' he asks. 'Personally, I think the days of 4-year college courses are over.' His point is reinforced by WEF projections that 39% of today's core skills could be obsolete by the decade's end. The skills expected to grow fastest include AI and big data, cybersecurity, analytical thinking, creative problem solving, and environmental stewardship. In response, 77% of companies plan to retrain their staff, while 69% will hire AI tool builders. However, a sobering 41% of employers also admit they will downsize roles that are vulnerable to automation. The job market is not only expanding—it is transforming. Green transitions will create over 34 million agricultural jobs, while digital consumer habits will fuel rising demand for software developers and delivery workers. But traditional roles—cashiers, clerks, secretaries—are on the chopping block. This evolution is not just technological but structural. While 63% of businesses already face disruptions due to skill gaps, only 59% of employees are expected to be upskilled. Alarmingly, one in every nine workers may never receive the reskilling they urgently need. Beyond technology, hiring priorities are being reshaped by inclusion goals. In India, 95% of employers now claim to have Diversity, Equity and Inclusion (DEI) priorities. Globally, women (76%), people with disabilities (56%), and Gen Z workers (52%) top the inclusion agenda. Still, even as 75% of employers express confidence in nurturing internal talent, 38% remain unsure about the adequacy of skills in new hires. Kamath's post sparked a wave of reactions from netizens. Some echoed his concerns, citing the irreplaceable value of upskilling. 'AI will change the game but it will create new jobs,' wrote one user. Another warned, 'Tech may outperform memory or speed, but it can't replace trust, meaning, or real connection.' Others, however, pushed back, calling online certificate-based education a 'scandal,' advocating instead for reforming undergraduate education to ensure quality and depth. A common thread emerged in the responses: the difficulty of self-regulated learning. Many users emphasized that while upskilling is critical, not everyone thrives outside structured environments. As machines grow smarter, roles become more fluid, and skills lose their shelf life faster than ever before, Kamath's message rings loud and clear: those who resist change risk becoming obsolete. The future of jobs isn't just about adapting to technology—it's about transforming mindsets, embracing flexibility, and committing to perpetual learning. In an era where the rules of employment are being rewritten, the question is no longer 'What do you do?' but 'How fast can you evolve?' ( Originally published on Jun 26, 2025 )
Time of India
4 days ago
- Business
- Time of India
Zerodha co-founder Nikhil Kamath warns days of 4-year college courses are over, only one skill will matter in job market in 10 years
Zerodha co-founder Nikhil Kamath has declared that traditional four-year college degrees are becoming obsolete, emphasizing that lifelong learning is now the only essential skill for career survival. His warning comes as the World Economic Forum 's Future of Jobs Report 2025 predicts massive disruption in the global workforce by 2030, with 92 million jobs set to disappear while 170 million new roles emerge. "The days of 4-year college courses are over. Lifelong learning is the new norm, for everyone," Kamath stated on social media, responding to projections that show technology will handle 34% of workplace tasks by 2030, up from just 22% today. Millions face unemployment without continuous upskilling The WEF report reveals a stark reality: 39% of current core skills may become outdated by 2030, with countries like Egypt (48%), UAE (41%), and India (38%) facing the highest skill obsolescence rates. Despite this looming crisis, one in nine workers—approximately 11% of the global workforce—will receive no upskilling training by the decade's end. The automation wave threatens traditional roles including cashiers, clerks, and secretaries, while creating massive demand for farmworkers, software developers, and delivery drivers. The green transition alone is expected to generate over 34 million new agricultural jobs. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The anime RPG everyone's talking about is finally free! Nikke: Goddess Of Victory Play Now Undo AI and adaptability top future skill requirements According to the report, the top 10 fastest-growing skills include AI and big data expertise, cybersecurity, technological literacy, and creative thinking. However, Kamath emphasizes that the ability to continuously learn and adapt trumps all specific technical knowledge. Currently, 63% of employers report that skill gaps are already hurting their business operations. In response, 77% plan to retrain existing staff, while 69% aim to hire AI specialists. However, 41% admit they will eliminate roles that cannot adapt to technological demands. While 75% of companies express confidence in developing their current workforce, 38% harbor doubts about new graduates' capabilities—highlighting the growing disconnect between traditional education and market needs. As Kamath warns: "If you wish to be irreplaceable, upskill." AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 days ago
- Business
- Time of India
Nikhil Kamath's ‘lifelong learning' advice is only step one: Stanford expert shares the key skills needed to survive the AI takeover
As the dust of industrial-age careers begins to settle, a new reality is emerging—one shaped by artificial intelligence , dynamic ecosystems, and a relentless pace of change. Zerodha co-founder Nikhil Kamath recently lit a spark with a provocative statement: 'The days of four-year college courses are over. Lifelong learning is the new norm—for everyone.' But according to Stanford expert Robert E. Siegel , as reported by CNBC Make It , that's merely step one in preparing for the storm AI is bringing to the workforce. Drawing from the World Economic Forum's Future of Jobs Report 2025 , Kamath's post quickly gained traction online, highlighting the rise of automation, the decline of traditional jobs, and the urgent need for reskilling . The numbers are stark: by 2030, 92 million jobs are expected to disappear—even as 170 million new ones are created. Yet Kamath warns: only the adaptable will benefit. You can't rely on what you learned a decade ago, he cautions. But what does adaptability actually look like? Siegel, a lecturer at Stanford Graduate School of Business and author of The Systems Leader , believes the answer lies in five deeply human habits. After studying over 400 global leaders, he offers a more nuanced blueprint to not just survive—but lead—in the AI age. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Articles Vally Undo Lifelong Learning Is the Entry Point, Not the Destination Kamath's call to end our overreliance on outdated degrees resonates with Siegel's first principle: the best performers actively seek new knowledge beyond formal education. They don't shy away from emerging technologies like AI—they engage with them, even if it's uncomfortable. Siegel stresses the need to break out of intellectual echo chambers and connect with diverse peers, especially younger, tech-savvy professionals who often act as a compass for what's next. — nikhilkamathcio (@nikhilkamathcio) Pair Iron with Empathy If machines dominate logic, humans must dominate emotional intelligence. One standout leader from Siegel's research, Kathy Mazzarella of Graybar, demonstrates this balance. She is described as leading with an 'iron fist in a soft glove.' Mazzarella starts tough conversations with empathy—proving that accountability and kindness aren't mutually exclusive. In a world where AI can do tasks but not feel, emotional intelligence becomes a powerful career differentiator. You Might Also Like: Forget BTech. Zerodha's Nikhil Kamath says only one skill will matter to stay relevant in job market in 10 years Think Like an Ecosystem As Kamath calls for reinvention, Siegel urges professionals to expand their lens. The most resilient people, he says, understand their place in broader systems. Seth Bodnar, President of the University of Montana, exemplifies this by managing diverse stakeholder interests—from alumni and administrators to city officials and employers. Recognizing these interdependencies not only prevents conflict but also breeds innovation. Siegel advises organizations to visualize their operational ecosystems through influence maps—tools that help identify who depends on whom, and where power and pressure points lie. In an AI-driven world, where silos are crumbling, systemic thinking is essential. Relationships Trump Algorithms While technology automates processes, it cannot replicate the depth of human relationships. Siegel believes those who foster strong internal and external networks gain sharper insights and more resilient support systems. Whether it's a frontline employee offering operational wisdom or a peer outside your industry identifying blind spots, the relational edge is invaluable. Kamath, too, alludes to this when he suggests that trust and meaning will remain irreplaceable—even as machines become more intelligent. In workplaces increasingly ruled by data, it is human connection that will offer the most unexpected leverage. iStock While technology automates processes, it cannot replicate the depth of human relationships. (Image: iStock) Fall Out of Love with the Status Quo In 2021, Best Buy CEO Corie Barry shared a piercing insight in Siegel's class: 'You can't fall in love with how you do business today.' That statement underlines Siegel's final rule—embrace change before it's forced upon you. Comfort with constant evolution is the hallmark of those who thrive. AI disruption is not a future possibility; it is a current condition. Siegel believes that fear of change is a bigger threat than change itself. Professionals must not only tolerate transformation—they must lead it. Beyond the Degree: A New Learning Ethic While Kamath's remarks about the redundancy of four-year college courses sparked debate, they also tapped into a growing awareness: formal education no longer guarantees job security. WEF estimates show that 39% of current core skills will be obsolete by decade's end. Even as companies pledge to retrain workers, 11% of employees are expected to miss out on reskilling altogether. The bigger message, echoed by both Kamath and Siegel, is that survival in the AI age demands more than credentials. It requires mindset shifts, systems thinking, and emotional nuance. The Human Advantage The AI age is not a battle between humans and machines—it's a test of how humans evolve alongside them. While machines take over tasks, it is values, adaptability, and human connection that will determine who stays relevant. Kamath's call for lifelong learning is no doubt critical—but, as Siegel's research shows, it is only the tip of the iceberg. The future belongs to those who not only learn but listen, adapt, empathize, connect, and lead. In the age of AI, being irreplaceably human might just be your greatest advantage.
Time of India
5 days ago
- Business
- Time of India
Jobs push needs skilling: Economic policy think-tank NCAER urges investment in training, says 13% job gain possible by 2030
AI image NEW DELHI: India can boost employment in labour-intensive sectors by over 13% by 2030 through targeted investment in formal skilling, according to a paper by the National Council of Applied Economic Research (NCAER). The study argues for a multi-pronged policy push to improve workforce quality and bridge the country's employment gap. The paper, titled 'The Landscape of Employment in India: Pathways to Jobs', highlights the critical role of skilled labour in accelerating job creation, particularly in manufacturing and services. 'On the supply side, we show that increasing the share of skilled workforce by 12 percentage points through investment in formal skilling could lead to more than a 13 per cent increase in employment in labour intensive sectors by 2030,' the paper said, quoted PTI. Labour-intensive industries currently account for a significant share of employment—44.1% of manufacturing jobs and 54.2% of services sector employment, the paper noted. 'Our demand-side simulations indicate that we can significantly bridge the employment gap by increasing the size of the manufacturing and services sectors, particularly through a focus on labour-intensive industries therein,' it added. The paper's author, Farzana Afridi, emphasised the need for a 'multi-pronged approach' to enhance production capacity and stimulate job creation, including higher government expenditure, tax cuts, and domestic demand stimulation. While analysing government initiatives, the paper cited a mismatch in the Production-Linked Incentive (PLI) scheme, pointing out that although it focuses on high-skilled, high-value sectors, the most jobs have been created in food processing and pharmaceuticals. 'This reflects a mismatch between budgetary allocation under PLI and potential for employment creation,' the paper said. To maximise gains, the report recommends adopting global best practices, implementing national quality standards, and revamping education systems to improve human capital. It also suggests embedding digital literacy, ICT skills, and soft skills into vocational training to enhance employability. The study referenced the Future of Jobs Report 2025, which estimates that 63% of India's workforce will need reskilling or upskilling by 2030 to stay competitive. 'Improving training quality, along with increasing the share of formally trained workers, can lead to higher employment gains,' the paper concluded. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
