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Article: Robots will destroy 85 million jobs over next five years as pandemic speeds up workplace changes, WEF says

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A World Economic Forum report warns that 85 million jobs may be destroyed over the next five years as the pandemic accelerates workplace automation and digitization. This shift is slowing job creation and reversing employment gains, with technology replacing roles in areas like data entry and administration.

While job destruction accelerates, the report projects over 97 million new roles will emerge in fields like AI, the care economy, and content creation. For workers who remain in their roles, nearly half will require new skills, as employers are expected to divide work equally between humans and machines by 2025.

The main topics covered are technological automation, pandemic-driven workplace changes, future job displacement and creation, and the growing need for workforce reskilling.

Original URL

https://www.scmp.com/tech/enterprises/article/3106383/robots-will-destroy-85-million-jobs-over-next-five-years-pandemic?utm_source=rss_feed

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Science & Research - South China Morning Post

Published Date

2020-10-21 03:10

Fetched Date

2026-03-04 14:31

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2026-03-04 15:14

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Raw Extracted Content

Robots will destroy 85 million jobs over next five years as pandemic speeds up workplace changes, WEF says
- The Covid-19 pandemic is accelerating changes in the workplace likely to exaggerate inequalities, a WEF study has found
- Surveys of nearly 300 global companies found four out of five business executives were accelerating plans to digitise work and deploy new technologies
Surveys of nearly 300 global companies found four out of five business executives were accelerating plans to digitise work and deploy new technologies, undoing employment gains made since the financial crisis of 2007-8.
“Covid-19 has accelerated the arrival of the future of work,” WEF managing director Saadia Zahidi said.
For workers set to remain in their roles in the next five years, nearly half would need to learn new skills, and by 2025, employers will divide work between humans and machines equally, the study found.
Overall, job creation is slowing and job destruction is accelerating as companies around the world use technology rather than people for data entry, accounting and administration duties.
The good news is that more than 97 million jobs will emerge across the care economy, in tech industries like artificial intelligence (AI), and in content creation, the Geneva-based WEF said.