The Bank of England's latest report indicates that artificial intelligence has had a minimal effect on overall UK employment thus far. While AI adoption is not leading to significant layoffs, companies are becoming less likely to hire new staff or replace departing employees. This trend is expected to persist as AI-driven productivity gains continue to grow. Firms anticipate that a portion of these future gains will be realized through maintaining smaller workforces. This subtle shift in hiring practices may go unnoticed if only overall unemployment figures are monitored.
London, England
https://www.resultsense.com/news/2026-11-06-boe-ai-slowing-hiring-not-firing/