In his latest blog, Clive Mackintosh, an experienced settlement agreement solicitor explores the recent wave of redundancies across major tech companies.
The rapid advancement of artificial intelligence (AI) is transforming the tech industry, bringing with it both innovation and significant disruption. While AI promises increased efficiency and new possibilities, it is also contributing to a wave of redundancies, particularly in the UK. This shift necessitates that affected individuals understand their rights and seek advice from an expert redundancy solicitor.
AI's growing capabilities are automating tasks previously performed by human workers. This is leading to restructuring within tech companies, with a focus on roles that complement AI rather than those it replaces. Factors contributing to this trend include:
In addition to AI implementation, companies are prioritising AI related roles across research and engineering.
Several major tech companies have announced significant staff reductions, reflecting this trend. These include:
All of the companies have implemented performance based cuts and restructuring whilst focusing on the development of AI initiatives .
But its not just limited to the big players, smaller tech companies are also feeling the effects of the changes that AI is bringing to the tech industry.
For individuals facing redundancy, it is crucial that you understand your legal rights. As an expert redundancy solicitor, I can provide advice and assistance in the following ways:
Redundancy can be a stressful and uncertain time. For advice on your settlement agreement contact Clive today, call 0330 043 8845, email clive@solicitor.help, or request a call back.