Morrisons Announces Job Cuts as Part of AI and Automation Strategy
Morrisons, a UK supermarket chain, has announced plans to cut approximately 200 roles at its Bradford head office, representing 8% of its workforce. The cuts are part of a broader strategy to adopt AI and automation, driven by rising costs and challenging market conditions. This move reflects a growing trend in the retail sector toward workforce reductions and technological transformation.
Tickers: $MOR
Topics: AI adoption corporate restructuring cost reduction job cuts retail industry