ECB sees no wave of AI-led layoffs yet, Lagarde says


FILE PHOTO: European Central Bank President Christine Lagarde delivers her keynote speech at Euro Finance Week, a weeklong annual financial conference in Frankfurt, Germany, November 21, 2025. REUTERS/Heiko Becker/File Photo

FRANKFURT, Feb ⁠26 (Reuters) - Artificial intelligence ⁠is boosting productivity in ‌the euro zone but it is not yet causing a ​wave of layoffs ⁠due to ⁠greater automation of labour, European ⁠Central ‌Bank President Christine Lagarde said ⁠on Thursday.

"What we are seeing ​for ‌the moment is that ⁠it's ​increasing productivity," Lagarde told a committee of ⁠the European Parliament. "But we ​are not yet seeing consequences in terms of ⁠labour market and waves of redundancies that are feared, and that you ​know we ⁠will be extremely attentive ​going forward."

(Reporting ‌by Balazs Korany ​and Francesco Canepa; Editing by Alison Williams)

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Malaysians can hold up to five prepaid SIM cards each per telco under new MCMC framework
'Pioneers of Pagonia': A building game in 'The Settlers' mould
EU court adviser rejects Meta's fight against EU antitrust demands for Facebook data
Binance bets on Greek labour, security for EU growth, co-CEO Teng says
Singapore's Grab bets on AI, new services to triple profit by 2028
AI startups Suno and Udio angered the music industry. Now they're hoping to join it
AI image pioneer’s startup unveils technology to speed up chats
Apple in talks with banks to start payment service in India, Bloomberg News reports
Schneider beats profit expectations on data center demand
Hacker used Anthropic’s Claude to steal Mexican data trove

Others Also Read