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85 Million Jobs Will Become Redundant By 2025 Due To Automation and COVID-19 Recession

The COVID-19 pandemic has become the catalyst for the fast growth of automation and digitalisation in the workforce

A survey conducted by the World Economic Forum (WEF) has found that 85 million jobs will become redundant within the next five years due to the rapid growth in automation triggered by the COVID-19 pandemic

The survey — titled The Future of Jobs Report 2020 — studied 15 industry sectors across 26 advanced and emerging countries.

The research aimed to shed light on how pandemic-related disruptions have accelerated the arrival of the future of work.

“Automation, in tandem with the COVID-19 recession, is creating a ‘double disruption’ scenario for workers,” WEF wrote.

“In addition to the current disruption from the pandemic-induced lockdowns and economic contraction, technological adoption by companies will transform tasks, jobs, and skills by 2025.”

50% of employers reported that they will accelerate automation in their businesses, while over 80% are set to expand the digitisation of their work processes.

This will cause some jobs that have been lost within this period to never come back, and those that do will require new ways of working and new skills. Read more via Says

Pemo Theodore

Pemo Theodore is a Media Publisher and a great people connector. She was Founder Silicon Valley TV which has served the San Francisco Bay Area for 10 years! She has produced Silicon Valley Events for Investors & Startups for 10 years. Pemo loves to video interview venture capitalists & founders to engage the human behind the success stories.. She has been Executive Producer of FinTech Silicon Valley for 6 years, organizing twice monthly FinTech talks & panels in San Francisco & Palo Alto and audio podcasts. She believes in learning through a great discussion with experts in the domains. Pemo has a talent to bring the right people together and is an incredible networker. Pemo's events have been seen as supporting Venture Capitalists & Angels in sourcing great deal flow from startups who attend her events. Many founders have received funding through meeting investors at her events. Her favored medium is audio & visual media and she has built up a great body of work of videos of panels & interviews and podcasts in Silicon Valley startup ecosystem. She has lived & worked in Canada, Australia, New Zealand, Ireland, London, Northern Ireland & Silicon Valley. Bio

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