BT CEO eyes deeper job cuts as AI becomes more powerful: Report

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BT chief executive Allison Kirkby said that advances in artificial intelligence could deepen significant job cuts under way at the company, the Financial Times reported on Sunday.

Kirkby told the Financial Times that BT’s plans to cull more than 40,000 jobs and strip out 3 billion pounds($4.07 billion)of costs by the end of the decade “did not reflect the full potential of AI.”

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BT CEO eyes deeper job cuts as AI becomes more powerful: Report


BT chief executive Allison Kirkby said that advances in artificial intelligence could deepen significant job cuts under way at the company, the Financial Times reported on Sunday.

Kirkby told the Financial Times that BT’s plans to cull more than 40,000 jobs and strip out 3 billion pounds($4.07 billion)of costs by the end of the decade “did not reflect the full potential of AI.”

Discover the stories of your interest

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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