49% of Millennials in India worry over losing jobs to AI in 5 years: Report

New Delhi: Millennials in India are worried over AI technology grabbing their job just as more companies have started using the new technology, says a study.

A report based on response from employees across industries say that half of those responded believe that AI will take over their roles within the next three to five years, The Indian Express reported.

Great Place to Work, a global workplace culture research and consulting organization, in its report ‘Voice of India on Artificial Intelligence’ said that 49% of millennial employees express concern about AI-driven job displacement.

The report gives an insight into how employees perceive emergence of AI and its impact on workplace alongside the cultural shift it is likely to create during its adaptation.

Not only millennials but Gen Z are also in worry with 45% of them looking at the changing workplace scenario with apprehension.

A sense of vulnerability is found sharp among younger employees, but in older ones the concern drops to 35 percent.

However, between 42% and 58% of employees across different career stages worry over losing their jobs to AI, pointing to how AI-related job insecurity is now ‘a common undercurrent across India’s workplaces’.

In the face of looming threat, at least 40% are actively considering to leave their organisations with 20–28% planning to leave but have not yet started searching new roles, 4–7% already looking for new opportunities, 18–32% want to leave but unable to , just as ‘16–23% remain content, and 19–27% are undecided’.

Pointing to far reaching impact, 67 percent of respondents said that their organization is at ‘an intermediate or advanced stage of AI implementation’ with 6.98% reporting no adaptation, 10.15% finds no immediate plans, 16.12% reports that their organization is at exploring stage, while38.23% rest of them reporting ‘Pilot phase’ and others in ‘Intermediate or Advanced: 28.53%’.