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Evening Standard

Anna Wise

Capita raises cost-saving target as it turns to AI to drive change

Outsourcing firm Capita has unveiled fresh cost-cutting plans (Kirsty O’Connor/PA) - (PA Archive)

Outsourcing firm Capita has unveiled fresh cost-cutting plans worth £250 million as it targets savings from the use of artificial intelligence (AI) and staff leaving voluntarily.

Shares in the firm were down by a tenth on Tuesday after it hiked its savings target from a previous £160 million.

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