Labour processes stand on the cusp of a change as the incorporation of artificial intelligence, machine learning and 3D printing are set to transform production processes. Against this backdrop, the study, using relevant literature, investigates the role of the fourth industrial revolution vis-a-vis employment. The paper determines both the intensity and the rate of job losses, and in deploying content analysis technique, it discerns both ends of the spectrum. On the one hand, while World Bank and Oxford University highlight excessive job losses worldwide, whereas studies from Mario Pianta and Marco Vivarelli, using similar data structures but different techniques, point to limited job destruction, that too, in the Schumpeterian sense. Thus, analysing literature, the paper presents a review of studies from IZA, OECD, J Stanley Metcalfe and others, to establish that the impact of such changes has either been over amplified or understated. A valid inference, thus, could be that fourth industrial revolution may not impact all countries evenly, and may have a varying effect on different countries.