14 Million Jobs Will Be Slashed Globally by 2027 Owing to AI and ESG Standards: WEF

14 Million Jobs Will Be Slashed Globally by 2027 Owing to AI and ESG Standards: WEF
A cameraman works in front of a logo of the World Economic Forum in Davos, eastern Switzerland, on Jan. 20, 2019. Fabrice Coffrini/AFP via Getty Images
Katabella Roberts
Updated:

The World Economic Forum (WEF) has warned that the employment landscape will change drastically over the next five years amid increasingly widespread use of artificial intelligence (AI), the transition to green energy, environmental, social, and governance (ESG) standards, and slower economic growth.

According to WEF’s “The Future of Jobs Report 2023,” roughly 23 percent of jobs are expected to change by 2027, with around 69 million new jobs to be created and 83 million eliminated, resulting in a decrease of 14 million jobs, or 2 percent of current employment.

Katabella Roberts
Katabella Roberts
Author
Katabella Roberts is a news writer for The Epoch Times, focusing primarily on the United States, world, and business news.
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