UK Companies Cut Jobs at Record 8% Rate as AI Boosts Productivity But Eliminates Positions

UK companies slash jobs at a record 8% rate as artificial intelligence drives an 11.5% productivity surge, making Britain the global leader in AI-driven job cuts among major economies while over a quarter of workers fear losing their positions to automation within five years.

• UK companies report an 8% net job loss due to AI over the past 12 months, the highest rate among major economies including the US, Japan, Germany and Australia according to Morgan Stanley research
• British businesses experience an 11.5% productivity increase from AI implementation, but unlike US companies with similar gains, they cut more jobs than they create
• More than a quarter of UK workers fear losing their jobs to AI within five years, with early-career positions requiring 2-5 years experience being most at risk of elimination