UK Chancellor Rachel Reeves is launching a new "skills compact" with financial firms like Barclays and Lloyds to retrain thousands of workers for the AI revolution. The initiative commits employers to improving skills and keeping pace with technological changes, aiming to future-proof jobs and maintain the sector's competitiveness.
Palo Alto Networks CEO Nikesh Arora challenges the tech industry's trend of mass layoffs for AI talent, advocating for a gradual, specialized hiring strategy and internal upskilling through methods like hackathons. He argues that most current employees lack AI skills and contrasts his approach with other tech leaders who opt for job cuts.
Millions set annual goals, but most abandon them. The author, a neuroscientist, argues that goals work for clear destinations but fail for life's complex questions like career or relationships. Instead, she advocates for an "experimental mindset" focused on learning from uncertainty through small, defined experiments.
Morris Chang, founder of TSMC, cautioned companies against layoffs, especially if rehiring is likely within a year. He highlighted hidden costs like severance and training, and the impact on employee trust, drawing from TSMC's controversial 2009 performance-based layoffs.
JP Morgan CEO Jamie Dimon stated AI will likely reduce some banking jobs, with the bank hiring more AI specialists and fewer traditional bankers. He believes this shift can be managed through employee turnover and retraining, rather than mass layoffs.
Hong Kong's labour minister, Chris Sun Yuk-han, has dismissed calls to review the city's immigration scheme for non-local graduates or lower thresholds for talent schemes, citing a shrinking workforce and insufficient local degree holders. Despite a 61% drop in entry-level roles (from 80,000 in 2022 to 31,000 in 2025), largely due to AI automation, the minister emphasized the need for upskilling through the rebranded 'Upskill Hong Kong' program.
