4 in 10 companies plan to replace employees with AI, WEF says

Forty-one percent of companies intend to cut their workforce in the next five years as many tasks are automated with AI, according to the World Economic Forum (WEF) Future of Jobs Report 2025.

At the same time, 70% of companies say they expect to hire people with knowledge of the new AI tools, reports CNN Business.

The WEF sees advances in AI and renewable energy as reshaping the labor market, driving demand for a variety of technical or specialist roles while leading to a decline for others. The shifts will also likely push companies to upskill their own employees.