Archive · 26 Jun 2025
Millions of Jobs May Vanish by 2030, Warns Zerodha Founder
The job market is changing a lot because of new technology.
A business leader named Nikhil Kamath says many jobs could disappear by 2030.
The good news is that even more new jobs will be created.
To succeed, people need to keep learning new skills throughout their lives, as the old way of going to college for four years might not be enough anymore.
Many companies are training their workers and hiring AI experts to prepare for this.
People will need skills in things like AI and big data to stay employed.
Zerodha founder Nikhil Kamath warns millions of jobs may vanish by 2030 due to automation and changing skill requirements.
The World Economic Forum (WEF) projects 92 million jobs will be lost, while 170 million new jobs will be created by 2030.
Kamath emphasizes that traditional four-year college courses are insufficient, advocating for lifelong learning and upskilling.
Companies are responding by planning to retrain staff (77%) and hire AI experts (69%) to adapt to technological changes.
Top skills needed by 2030 include AI, big data, cybersecurity, creative thinking, and environmental care.
- Who
- Workers across various sectors, with emphasis on those in traditional roles, and AI professionals.
- What
- Significant shifts in the job market are expected by 2030 due to automation and evolving skill demands.
- When
- Changes are expected in the job market by 2030.
- Where
- Global impacts, with regional variations.
- Why
- Driven by technological advancements, including AI and automation, and the need for continuous upskilling.
Job Displacement Concerns
Opportunities from AI
Job Security
Job Displacement Concerns
AI and automation will lead to job losses across sectors and require large-scale workforce adaptation.
Opportunities from AI
While job displacement is anticipated, new opportunities and roles will emerge, particularly in the technology and green sectors.
- Jobs to be Lost by 2030
- 92 million
- Jobs to be Created by 2030
- 170 million
- Tasks Handled by Technology by 2030
- 34%
- Companies Retraining Staff
- 77%
- Companies Hiring AI Experts
- 69%
- In-Demand Skills
- AI, Big Data, Cybersecurity, Creative Thinking
Sources
How AI Will Disrupt The Job Market: Should India Worry?
'Days of 4 year degrees are over': Nikhil Kamath predicts a brutal job market reset unless...
What jobs will be relevant in 10 years? Nikhil Kamath addresses debate over job loss due to AI, shares WEF insights
74% of US professionals expect AI to replace their jobs in the next 3 years, survey finds. Here’s what to do to keep yourself relevant in the job market
Critical thinking: Rethinking the school curriculum for the digital age
