Foxconn has announced plans to substitute a percentage of its total workforce with 1 million robots over a period of 3 years. Terry Gou, founder and chairman of Foxconn, revealed this information during a dance party which Foxconn workers were present.
The change is to improve overall efficiency to the factories while also cutting labor costs. The company currently utilizes 30,000 robots which they plan to increase to 300,000 next year and 1 million in 3 years. Foxconn currently employs 1.2 million employees, so many of them may lose their jobs within the next 3 years. If I were them, I would get certified in CNC robot maintenance and programming.
Foxconn also gets approximately 20% of its $93.4 billion in income from Apple.