Hays Reports First Annual Loss in 23 Years, Citing AI Impact on Jobs
UKPulse Money Desk
Recruitment firm Hays has reported its first annual loss in 23 years, attributing the downturn to the impact of artificial intelligence on the job market.
- Hays has recorded its first annual loss in 23 years.
- The company stated it is facing global changes of unprecedented scale and pace.
- Technological developments, including AI, are transforming the world of work.
Recruitment company Hays has announced its first annual loss in 23 years. The firm has raised concerns regarding the impact of artificial intelligence (AI) on jobs.
Hays indicated that it is encountering global changes at an unprecedented scale and pace. These changes are transforming the world of work, driven by technological developments.