AI will slash headcount by two-thirds - retail boss

The boss of a UK online retail giant predicts automation and AI will cut workforce by two-thirds in three years due to increased costs from the government. Buy It Direct, the parent company of Appliances Direct, may cut over 500 jobs, with investment in technology like robots and AI. This news comes amid concerns about job losses to AI, with Amazon recently announcing 14,000 job cuts to embrace AI-driven efficiencies.