The World Economic Forum's Future of Jobs Report reveals that 41% of employers plan to downsize their workforce due to AI automation. While AI is expected to reduce jobs such as postal service clerks and executive secretaries, 77% of companies aim to reskill workers to collaborate effectively with AI from 2025 to 2030. The report highlights generative AI's role in reshaping industries, predicting an increased demand for AI skills. Although some companies have used AI to justify layoffs, the report suggests AI will augment rather than replace human skills, emphasizing the importance of human-machine collaboration.