UK businesses are reducing hiring for jobs impacted by AI, a study found. Job vacancies have declined across the country due to cost cuts and high borrowing rates. The most severe decline is seen in white-collar jobs in tech or finance, with postings dropping 38%. The anticipation of future productivity gains is prompting companies to review workforce strategies and pause recruitment aspects.
UK businesses are reducing hiring for jobs impacted by AI, a study found. Job vacancies have declined across the country due to cost cuts and high borrowing rates. The most severe decline is seen in white-collar jobs in tech or finance, with postings dropping 38%. The anticipation of future productivity gains is prompting companies to review workforce strategies and pause recruitment aspects.