AI will displace 100 million jobs while creating 170 million new jobs
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Meta, the parent company of popular apps like Facebook, Instagram, and Messenger, has announced that it will cut 5 percent of its total workforce in 2025, i.e. about 4,000 jobs. The company has announced plans to invest more in AI technology and replace regular office work.
Last week, Meta CEO Mark Zuckerberg said in a popular podcast with Joe Rogan that AI will gradually replace mid-level engineers and technicians. According to a Bloomberg report, he has already prepared to lay off about 5 percent of employees from Meta this year. Bloomberg claims that Zuckerberg is preparing to fire the weakest performers at work.
Another big tech company, Salesforce, has also announced that it will not hire a single new software engineer in 2025. It is understood that the company has a strategy that relies on AI . Salesforce plans to replace sales, marketing, customer service manpower by using AI technology like Agentforce.
According to a study report by Goldman Sachs, by the year 2030, about 300 million people will be displaced by AI. In the last two years, the capabilities of artificial intelligence (AI) have been greatly increased and now this technology is not limited to generating content or helping small tasks, even large companies like Meta and Salesforce have started to lean towards AI employees instead of humans. Generative model and AI mediums such as automated software are now predicted to transform the 'work culture' of offices .
Studies have shown that job loss has started in some areas immediately and in some areas gradually. Various statistics published recently have also officially depicted the growing reliance on AI. According to Bloomberg's latest report, it is estimated that about 200,000 jobs may be cut due to the use of AI in the big banks of New York Wall Street. Financial companies such as JPMorgan Chase & Co, Goldman Sachs are increasingly using AI to increase efficiency and productivity.
In a report on the future of work published by the World Economic Forum some time ago, it was mentioned that the daily administrative tasks in the office will gradually move towards automatic alternatives due to the availability of AI. Similarly, a report published in Newsweek has also mentioned that AI will slowly take over jobs related to customer service, data collection and analysis, marketing, work like counting bank notes, work like time management done by assistants in the office, sales, media and content creation. Although some jobs will not be completely replaced by AI, the reports indicate that the role of AI will partially increase .
170 million new jobs will be created, 100 million will be displaced
Big technology companies They have announced that they will aggressively make various jobs based on automation and AI. Salesforce also projects a slightly different and positive view. A study by IDC and Salesforce has shown that by 2028, nearly one and a half million new jobs will be created worldwide. The study concluded that although some jobs may be lost in the initial stage, economic growth and new job opportunities will open up in the long term.
IBM has already planned to automate about 7,800 positions (30 percent of office-based jobs) with AI by 2024. The AIPRM study found that 37 percent of companies are gradually replacing some positions with AI. Likewise, 44 percent of companies said they plan to hire AI instead of employees in the coming years. Big technology companies like Microsoft, Google, Amazon are also gradually announcing plans to make old-style employee recruitment fully or partially based on AI.
Studies show that nearly 5 million Filipino workers will be displaced or affected by the rise of the AI sector in the next few years . About 80 percent of US workers will be affected by AI to a small or large extent, according to a Bloomberg study. A Microsoft survey found that 74 percent of India's large youth workforce, which is heavily dependent on the information technology sector, is concerned about losing their jobs to AI. The report of the World Economic Forum has predicted that by the year 2030, AI will create about 170 million new job opportunities and AI will completely replace about 100 million current jobs.
studies have shown that the latest leap in AI will affect and displace a large number of jobs in the US, along with China, India, Germany, Japan, and South Korea. It is claimed that the increasing use of AI will partially or fully affect nearly 40 million jobs in the US alone this year. As large technology and financial companies rethink their workforce development and expansion strategies, there seems to be plenty of room for credence in these study estimates.
(with agency help)

