AI Reskilling Urgency: WEF Report Highlights Job Market Shifts by 2025

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AI Reskilling Urgency: WEF Report Highlights Job Market Shifts by 2025
Artificial IntelligenceAutomationJob Market
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A new World Economic Forum report warns of 92 million jobs lost globally by 2030 due to AI and automation, while 78 million new roles will emerge. The report stresses the need for workers to adapt and reskill, particularly in the Philippines where businesses plan to scale up and address skills gaps.

Illustration by ChatGPT using the prompt: 'generate an image on the future of jobs with AI tools transforming the job market landscape.'A global research led by the World Economic Forum emphasized the urgent need for workers to adapt and reskill as generative artificial intelligence and automation are set to redefine job roles across various sectors in five years.

“With two-thirds of employers in the country identifying skills gaps as a barrier over the next half decade, businesses are planning to scale up,” it added. Technological advancements in AI and robotics are set to play pivotal roles, with 86% of employers recognizing their transformative potential.

Employers operating in the Philippines also anticipate that almost three in 10 workers will be upskilled and then redeployed to new roles.

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