92 million to be unemployed by… 170 million jobs will be …, shocking details revealed by World Economic Forum’s report

The World Economic Forum’s Future of Jobs Report 2025 predicts massive disruption in the global workforce by 2030,wherein it claims that 92 million jobs are set to disappear but at the same time 170 million new roles will emerge.

Millions To Be Unemployed

The WEF report says, ‘’Extrapolating from the predictions shared by Future of Jobs Survey respondents, on current trends over the 2025 to 2030 period job creation and destruction due to structural labour-market transformation will amount to 22% of today’s total jobs. 

It added that this is expected to create new jobs equivalent to 14% of today’s total employment, amounting to 170 million jobs. At the same time it will take millions of people’s job, ‘’However, this growth is expected to be offset by the displacement of the equivalent of 8% (or 92 million) of current jobs, resulting in net growth of 7% of total employment, or 78 million jobs.,’’ says survey.

39% Skill Sets To Be Outdated

Survey states, on average, workers can expect that two-fifths (39%) of their existing skill sets will be transformed or become outdated over the 2025-2030 period. However, this measure of “skill instability” has slowed compared to previous editions of the report, from 44% in 2023 and a high point of 57% in 2020 in the wake of the pandemic. This finding could potentially be due to an increasing share of workers (50%) having completed training, reskilling or upskilling measures, compared to 41% in the report’s 2023 edition.  

Skill gaps are considered the biggest barrier to business transformation by Future of Jobs Survey respondents, with 63% of employers identifying them as a major barrier over the 2025- 2030 period. Accordingly, 85% of employers surveyed plan to prioritize upskilling their workforce, with 70% of employers expecting to hire staff with new skills, 40% planning to reduce staff as their skills become less relevant, and 50% planning to transition staff from declining to growing roles.

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