Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
- Posted on February 26, 2025
- By Business News Today
- 3 Views
Hong Kong to slash 10,000 civil service jobs, push AI in bid to reverse deficit
Hong Kong plans to cut 10,000 civil service jobs and freeze public sector pay before 2027 to address its rising deficit. The government targets a 7% reduction in expenditure by 2028. An AI development initiative and restructuring of the tax base are also emphasized for future prosperity.
