Artificial intelligence is increasingly being integrated into various sectors, and nearly half of employers are anticipating reducing headcount as a result. However, a larger percentage, around 77%, plan to reskill and upskill their employees to work alongside these new technologies. Furthermore, 47% of employers expect to transition affected workers into different roles within their organizations. This dual approach suggests that while job cuts are expected, many companies are also committed to enabling their workforce to adapt to the technological changes driven by AI.
By 2030, broadening digital access is predicted to be the foremost macro trend transforming businesses. AI and information processing techniques will primarily drive this change, with 86% of respondents emphasizing its significance. The report highlights that AI adoption is uneven, showing more extensive use in advanced and middle-income economies compared to low-income economies. This discrepancy could exacerbate existing economic divides unless addressed through global cooperation and strategic investments in digital infrastructure in less developed regions.
Other macro trends expected to influence business transformations include rising living costs, with 50% of respondents noting its impact. Efforts to reduce carbon emissions are also crucial, underscored by 47% of participants, while increased emphasis on labor and social issues was noted by 46%. Slower economic growth, cited by 42%, climate change adaptation investments at 41%, and aging working-age populations at 40% were also flagged as significant trends that will shape the business landscape in the coming decade.
The shift in global trends is projected to create 170 million new roles while displacing 92 million jobs by 2030. Growing job sectors will likely include frontline roles such as farmworkers, delivery drivers, and construction workers. Conversely, jobs expected to decline include positions like cashiers, administrative assistants, and building caretakers. This striking reconfiguration of the job market underscores the importance of proactive reskilling programs to prepare workers for the evolving economic environment.
The findings present a comprehensive view of how AI and other macro trends are set to reshape the workforce and business landscape by the end of the decade. As businesses navigate through these transformations, the concerted effort from both employers and policymakers will be crucial in ensuring sustainable growth. Bridging the AI adoption gap across different economies and investing in human capital are imperative next steps in harnessing the full potential of these emerging technologies.