Job losses

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UK ad agencies undergo their biggest exodus of staff as AI threatens industry

Advertising, ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Job losses, Media, Technology, WPP

Number of employees declined by more than 14% to 24,963 last year, with fall greatest among younger workersAI is indeed coming – but there is also evidence to allay investor fearsUK advertising agencies had their biggest annual exodus of staff last year, led by younger workers, as artificial intelligence tools threaten to replace workers and […]

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Lloyds boss warns bankers must ‘reskill themselves’ to survive AI boom

ai, AI (Artificial Intelligence), Artificial Intelligence, banking, Business, financial sector, Job losses, Lloyds Banking Group

Charlie Nunn says banks will be hiring staff with different skill sets as customer experience will ‘radically change’Business live – latest updatesThe boss of Lloyds Banking Group has warned that bankers will need to “reskill themselves” to survive the oncoming AI boom that stands to transform the financial services sector.Charlie Nunn told reporters on Thursday

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Amazon reveals fresh round of global job cuts in email sent in error to workers

ai, AI (Artificial Intelligence), Amazon, Artificial Intelligence, Business, Canada, Costa Rica, E-commerce, Job losses, Technology, US news

Message erroneously said affected employees in the US, Canada and Costa Rica had already been informedBusiness live – latest updatesAmazon has told workers of a fresh round of global job cuts in an email that appears to have been sent in error.Workers at Amazon Web Services (AWS) received a meeting invitation from a top executive

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More than a quarter of Britons say they fear losing jobs to AI in next five years

ai, AI (Artificial Intelligence), Artificial Intelligence, Business, Computing, Job losses, Technology, UK news, Work & careers

Survey reveals ‘mismatched AI expectations’ between views of employers and staff over impact on careersMore than a quarter (27%) of UK workers are worried their jobs could disappear in the next five years as a result of AI, according to a survey of thousands of employees.Two-thirds (66%) of UK employers reported having invested in AI

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Sadiq Khan to urge ministers to act over ‘colossal’ impact of AI on London jobs

ai, AI (Artificial Intelligence), Artificial Intelligence, Job losses, Local politics, London, Politics, Sadiq Khan, Technology, UK news, Unemployment

In Mansion House speech, mayor will talk of opportunities technology offers but highlight mass unemployment riskSadiq Khan is to warn in a major speech that artificial intelligence (AI) could destroy swathes of jobs in London and “usher in a new era of mass unemployment” unless ministers act now.In his annual Mansion House speech, the London

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