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AI agents set to wipe out thousands of jobs

by on25 February 2025


AI market to grow to $826.7 billion by 2030

Hostinger beancounters have mapped out the timeline for AI agents to shake up the global workforce and replace millions of jobs in the coming years.

As the AI market is projected to skyrocket from $184 billion in 2024 to $826.7 billion by 2030, businesses are racing to automate tasks and boost efficiency.

In a new report, Hostinger has mapped out which jobs are at the highest risk—and some workers could see their roles vanish as soon as 2025.

Data entry and basic administrative roles are in the firing line, with up to 90 per cent of these tasks expected to be fully automated by 2026. With advances in optical character recognition (OCR) and data management reducing processing times by 80 per cent, companies are moving quickly to cut costs.

Hostinger AI Tech Lead Mantas Lukauskas warned that businesses will be eager to make the switch as soon as possible.

“The reality is that AI doesn’t just match human customer service—it’s providing a level of consistency that was previously impossible,” he said.

By 2027, AI-powered virtual assistants may handle half of routine customer service inquiries, slashing response times from hours to seconds. AI-driven chatbots and voice assistants are already proving faster, more efficient, and more reliable than human workers.

“The reality is that AI doesn't just match human customer service—it’s providing a level of consistency that was previously impossible. AI Prompt Engineers are already emerging as an essential new job role and businesses are adapting at breakneck speed,” Lukauskas said.

The report said that retail operations could see 40 per cent automation by 2028, as predictive AI takes over demand forecasting and supply chain management.

 “We’re seeing efficiency jump by as much as 65 per cent when AI takes over the calculations people simply can’t process quickly enough,” Lukauskas said.

Meanwhile, in financial services, up to 40 per cent of accounting and risk assessment jobs could be automated by 2030, with AI-powered "Cognitive Financial Agents" handling complex economic decisions.

“The time efficiency and accuracy of these systems in financial services are simply unmatched,” Lukauskas said.

He said that with AI creeping into almost every sector, experts are urging workers to develop skills that complement AI rather than compete with it. Companies must also balance automation with strategies to support human workers through the transition.

“The question isn't whether AI will transform these industries but how quickly organisations and workers can evolve to use its potential while maintaining human value in the workforce,” said Lukauskas .

Last modified on 25 February 2025
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