AI will slash headcount by two-thirds - retail boss

Nick Glynne, the boss of Buy It Direct, has stated that the implementation of artificial intelligence (AI) will lead to a reduction of two-thirds in the workforce. He attributed this significant decrease to increased business taxes in the UK, which he claims have accelerated the adoption of AI technologies. This development raises concerns about the future of employment in the retail sector and highlights the broader implications of AI on job security and economic stability.