automating many parts of its business, a move which could see 800,000 workers lose their jobs.
Why is there always a focus on the negative side of automation? It really means less work, same productivity. Humans no longer need to work as hard to produce the same quality of life.
The difficulty with these stories lies in the fact that it's a redistribution of wealth from the workers to the owners of the company, until those owners redistribute the wealth again by investing the savings. So it's difficult for the people who lose their jobs, as they now have to fight to get new ones. It's sad. But for humanity as a whole, extra efficiency means greater wealth, since we are now creating the same product with less work invested.
It raises everybody up in the long run. Compare medieval kings to lower middle class people of today and we find the kings did not have the amount of entertainment to choose from, the durable clothes, the variety of food available, the health care quality, perks like temperature control of their rooms, etc.
That's the overall and long term effect, the greater positive side, and something that is too often ignored.