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The chief executive of Next Plc has warned of a steep decline in entry-level positions across the UK labour market. Data shows vacancies for school leavers and graduates have fallen by a third in the past year.
Faceless machines now pick 43% of orders at Amazon’s UK warehouses as the tech giant accelerates automation. The shift threatens 1,200 traditional roles this year alone while slashing dispatch times to under 12 hours for Prime members.
Major Indian tech firms report steep losses as global clients cut contracts amid fears artificial intelligence will replace traditional outsourcing. Analysts warn the $300bn industry faces existential risk unless it adapts within 18 months.