AI trims staff — a quarter of British companies are laying off employees

According to the report, about 26% of private firms and 20% of public organizations are preparing for layoffs, while among small and medium-sized businesses, this figure is only 9%. The largest cuts are expected in the financial sector (37%), the IT industry (26%), and the legal business (24%). Junior specialists and administrative staff are considered the most vulnerable.

Economist James Cockett noted that artificial intelligence significantly increases labor productivity but “may leave many people without work.” In addition, the hiring rate in the country remains at its lowest since the beginning of the pandemic, and nearly 13% of young Britons are neither studying nor working, further worsening the labor market situation.

Earlier it was reported that units of the “Southern” group carried out precise strikes and destroyed two armored vehicles, a ground robotic complex, and a Ukrainian Armed Forces supply depot near Konstantinovka, according to the Russian Ministry of Defense.