Australia is on track for its highest number of redundancies since the pandemic as companies shed staff amid pressure to roll out artificial intelligence and cut costs.
Data from the Australian Bureau of Statistics released in October shows that 50,500 people were retrenched in July and another 57,800 in August, a total of 108,300 across the two months and a significant increase on post COVID-19 levels of retrenchments, according to labour market economist Jeff Borland.
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