Economy
AI and Digital Innovation to Make Thousands of Jobs Redundant at Struggling Arcadis
Engineering firm Arcadis plans to cut 1,000 jobs from its workforce of 34,000 next year as part of a restructuring effort to improve profitability. CEO Heather Polinsky aims to leverage artificial intelligence and digital innovations to focus on high-growth sectors like data centers and biotechnology, while reducing exposure to less profitable areas such as real estate. This follows rejected takeover bids from Canadian rival WSP and comes amid financial struggles despite strong demand for climate and infrastructure advisory services.
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