AI and Jobs: When A New Study Gives Hope

Funso Richard
3 min readSep 4, 2023

As more companies adopt Generative AI (GenAI), the potential to significantly alter the job market continues to increase. Goldman Sachs forecasts that up to 300 million jobs could be lost or downgraded due to this fast-growing technology. McKinsey predicts that GenAI will force 12 million job switches and automate 30% of hours worked in the US by 2030. In May, AI was responsible for nearly 5% of job cuts in the US.

--

--

Funso Richard

AI Pragmatist Ethicist & GRC Thought Leader. I write about governance, risk, cybersecurity and strategy to help organizations minimize business risks.