UK firm Capita plans to cut £250m costs by using more AI and expecting staff to leave.

UK outsourcing firm Capita plans to cut costs by £250m by increasing the use of AI and anticipating a 21% voluntary staff reduction. The company aims to boost efficiency, potentially reducing task handling times by a fifth. Despite an 8% drop in revenues, Capita remains confident in achieving its financial goals and medium-term margin targets, believing that AI adoption will drive future growth and efficiency.

3 months ago
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