Companies across the U.S., at least four in 10, are likely to cut jobs as artificial intelligence (AI) continues to advance, new research shows.

A new study from World Economic Forum has highlighted what many people fear: AI will lead to job losses, with 41% of companies set to make layoffs by 2030.

Artificial intelligence is expected to replace more positions over the next five years, a new survey says, as 41% of employers worldwide plan to downsize and automate certain tasks. The World Economic Forum asked hundreds of large companies about their goals.

A new report shows that company executives plan to cut 3% of their workforce in the next three to five years because of AI.

The financial services sector is facing disruption as AI technologies threaten to displace a considerable share of its workforce.

Global banks are expected to cut as many as 200,000 jobs in the next three to five years as artificial intelligence encroaches on tasks currently carried out by human workers, according to Bloomberg Intelligence.