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How the world’s biggest tech companies plan to save money by 2020

How the world’s biggest tech companies plan to save money by 2020

The world’s largest tech companies are planning to save about $20 billion in 2020 by using technology to save more money, according to a new report.

The McKinsey Global Institute released the report Thursday, highlighting that companies are moving to reduce the number of people in their workforce, including from 65 million in 2020 to 40 million.

That includes cutting employees’ working hours to 25 percent, but they are also looking to lower the cost of their products, services and other assets.

The report says that while companies are reducing spending, they are doing so with “a high degree of risk” and that the biggest risks in the future come from robots and other automation.