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    Big claim of WEF report: 14 million jobs will be reduced in next 5 years, these posts may end

    BhagyashreeBy Updated:No Comments2 Mins Read
    A new report by the World Economic Forum (WEF) has claimed that 14 million jobs will disappear from across the world in the coming 5 years. The report is based on surveys of over 800 companies. Reports say that the role of artificial intelligence and machine learning is going to increase in many companies in these five years. WEF found that 69 million new jobs could be created by companies by 2027. However, 83 million positions will also be eliminated. This would result in the loss of 14 million jobs. If so many jobs are reduced then it will be equal to 2% of the current employment.

    Renewable energy will make a big contribution in new jobs
    The shift to renewable energy systems will make a significant contribution to creating new jobs. However, slower economic growth and higher inflation could exacerbate job losses.

    Because of this more jobs will decrease
    In the times to come, AI will act as both a positive and a negative force. Companies will need new employees to help implement and manage AI tools. But many positions will also be eliminated due to AI. According to reports, the employment of data analysts and scientists, machine learning experts and cyber security experts is expected to grow by an average of 30% by 2027. But AI will also put many jobs at risk. Due to this, the maximum loss will be to the posts of Data Entry Clerk and Executive Secretaries.

    Bhagyashree Soni is a software engineer with soft writing skills. She is a degree holder from the International School of Entrepreneurial Leadership. She has been a state-level badminton champion and chess player. A woman with a forthright attitude enjoys her writing passion as her chosen career. Writing in the context of feminism, social cause and entrepreneurship is her forte.

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