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AI’s entry into the UK workforce has led to job losses in certain sectors, revealing deeper signs of a slowing job market. In the era of meager growth and high borrowing costs, job openings in the UK have sharply declined to reduce costs. According to Analysis from McKinsey & Co., online job postings have declined by 31% over the last three months leading up to May compared to the same time in 2022. Meanwhile, the introduction of AI has greatly hit white collar jobs in technology and finance. According to the consulting firm, these jobs will likely change significantly due to AI decreasing by 38%,  almost double the drop of other jobs. This trend in the workforce seems to be adding a further dead weight to the UK jobs market, even as tax rises trigger a wave of cuts in lower-skilled industries such as retail and hospitality, and the rate of economic growth slows. The workforce in the UK declines sharply amid the introduction of AI Surveys show that UK businesses are cutting back on hiring at the sharpest rate in nearly two years. This drop suggests that increased payroll taxes are still affecting the job market. According to KPMG and the Recruitment and Employment Confederation, in June alone, appointments for permanent positions in the UK recorded the highest decrease in more than 22 months, while the number of job seekers increased. According to McKinsey’s analysis, jobs exposed to technology are estimated to be at great risk of AI taking over at least part of the work, resulting in a decrease in job openings. For example, the programmer, management consultant, and graphic designer workforce has dropped over 50% over the past three years. Some analysts have concluded that this might also result from rising issues in specific industries and a…

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Filed under: News - @ July 14, 2025 1:55 am