Global Scans · Work · Weekly Summary

WHAT'S NEXT?: AI will replace 16% of jobs over the next decade. A billion people will enter the job market over the next ten years.

• [New] The trade publication The Quantum Insider reported that quantum computing is expected to create an estimated 250,000 new jobs by 2030, jumping to 840,000 by 2035. Business Insider
• [New] Global banks are projected to eliminate up to 200,000 jobs by 2030 as AI systems take over tasks like fraud detection, customer service, and risk assessment. New Trader U
• [New] The Ukraine war, China's technology-trade war with the US, and the domestic Covid lockdown measures have been the three major factors that hinder China's economic growth this year, which could have far-reaching consequences for jobs and social stability. DIIS
• [New] With an aim to continue supporting the development of workers and ensure that Singaporeans are equipped with the skills needed to stay competitive and relevant in the workforce, this year's Budget will see deeper focus on lifelong learning, workforce transformation, and support for workers. Human Resources Online
• [New] The India Data + AI Academy will equip professionals with critical skills in data and AI, ensuring they stay ahead in the AI-driven economy. Verdict
• [New] A prolonged trade war could shudder U.S. factories, cause job losses, and lead to higher inflation and empty store shelves. Time
• [New] As Trump's latest tariffs take hold - even at the lower rate of 10% - many garment and footwear industry workers will fear for their jobs. The Conversation
• [New] Intel to cut 20% of workforce and puts 2 nm processor out to TSMC Intel is to announce at the weekend that it will cut 20% of its workforce. Electronics Weekly
• [New] Volkswagen's investment in local facilities, such as its Belmont, California, testing hub, will create high-skill jobs. InsightBit
• [New] Job Displacement: The IMF estimates that up to 60% of jobs in advanced economies are at risk due to AI disruption. My Blog
• [New] Despite the risk of workplace harm to workers and organizations alike, most of the global workforce has never had Occupational Safety and Health training. Employer News
• [New] Recent proposals in the US around tariffs, trade and fiscal policy have added risk around the trajectory of employment, inflation, interest rates and global economic growth. Yahoo Finance
• [New] If current tariffs persist, the U.S. could face a $2 trillion hit to economic activity, the failure of tens of thousands of businesses, and millions of job losses. Aldo's Substack
• [New] As New Zealand introduces national carbon budgets, New Zealand First will work with Business to ensure it is proactively part of shaping a shared plan to transition New Zealand to a zero carbon economy. New Zealand First
• [New] There was a huge opportunity for the UK to secure thousands of new jobs and investment in supply chains for renewables, and make home-grown energy supplies more secure. MarketScreener UK
• [New] Japan's working-age population declined by over 220,000 in 2024, while South Korea's labour force is projected to peak by 2028 and then decline, with a shortfall of 820,000 workers expected by 2033. CXC
• [New] The LegalTech sector in Leeds is expected to create over 1,800 new jobs by 2025. TopicUk Business Magazine
• [New] TS Conductor announced a $134 million investment to build an advanced conductor manufacturing facility in South Carolina, which will create nearly 500 new jobs. The White House
• [New] Fiserv, Inc., a financial technology provider, announced a $175 million investment to open a new strategic fintech hub in Kansas, which is expected to create 2,000 new high-paying jobs. The White House
• [New] Clasen Quality Chocolate announced a $230 million investment to build a new production facility in Virginia, which will create 250 new jobs. The White House
• [New] Novartis, a Swiss drugmaker, announced a $23 billion investment to build or expand ten manufacturing facilities across the U.S., which will create 4,000 new jobs. The White House
• [New] Roche, a Swiss drug and diagnostics company, announced a $50 billion investment in U.S.-based manufacturing and research and development, which is expected to create more than 1,000 full-time jobs and more than 12,000 jobs including construction. The White House

Last updated: 28 April 2025