In the City
Is AI Fueling the UK’s Hiring Freeze?
Not long ago, the labor market looked ready to bounce back. On this episode of In the City, we explain how AI is throwing that recovery off course.
City workers in the financial district of London.
Photographer: Jose Sarmento Matos/BloombergSubscribe to In the City on Apple Podcasts
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Across the UK, companies are starting to rethink who they hire and, in many cases, if they hire at all. A new McKinsey & Co. report shows a sharp decline in job openings for roles most at risk of being automated, signaling that artificial intelligence isn’t just looming on the horizon—it’s already speeding up the UK’s labor market slowdown.