The World Economic Forum (WEF) estimates that artificial intelligence (AI) will displace 75 million jobs across the globe by 2022, and that the pace will only continue to increase. A PwC report predicts that 38 percent of jobs in the United States—as well as 30 percent in the United Kingdom, 35 percent in Germany, and 21 percent in Japan—could be gone by 2030.

Does this mean organizations will just require fewer people in the future? Many current predictions say no. The WEF estimates that automation will actually create 58 million more jobs than it replaces by 2022. McKinsey calculates that rising incomes could create 250 million additional jobs by 2030.

Although many jobs will become obsolete—either because the job can be fully automated or because a few people with the right tools can do the work of hundreds—new jobs will be conceived to fulfill new customer needs, leverage new technologies, and execute new business strategies.

However, pink-slipping employees whose jobs were automated and recruiting new people with a higher skill set in tech may be a losing strategy.

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