10:11:15 EDT Mon 01 Jun 2026
Enter Symbol
or Name
USA
CA



Morgan Stanley CDR (CAD Hedged)
Symbol MS
Shares Issued 400,000
Close 2026-05-29 C$ 42.13
Market Cap C$ 16,852,000
Recent Sedar+ Documents

FP/AFP say Morgan sees AI cutting U.K. jobs by 8%

2026-06-01 06:40 ET - In the News

The Financial Post reports in its Monday, June 1, edition that when client Jessica Spengler was asked to design a glossary for an artificial intelligence system a year ago, she realized she was training her own replacement. An Agence France-Presse dispatch to the Post reports that in the United Kingdome AI has become rapid and cost-effective competition for many white-collar workers, with impacts starting to be felt. The IMF estimated in 2024 that more than two-thirds of British workers perform tasks that AI could potentially carry out, making the country more exposed than many other advanced economies. Ms. Spengler no longer receives requests to translate corporate press releases or user manuals, typically an "entry point" into the profession. Instead, she is increasingly offered work proofreading machine-generated translations. Ms. Spengler said, "It's hard as a translator to actually charge what the work is worth because people just don't want to pay it." According to a report from Morgan Stanley, British companies that adopted AI cut their work forces by 8 per cent in the year to October, 2025, -- more than in Germany, Japan or Australia. Among the countries featured in the report, only the United States saw employment rise with AI.

© 2026 Canjex Publishing Ltd. All rights reserved.