The big picture: Insurance giant Marsh is expanding its cost-cutting program, Thrive, to $600 million, driven by AI adoption and process improvements in its back office.

Why it matters: This move signals a significant shift in how large enterprises are leveraging AI to optimize operations, impacting mid

• and back-office roles through attrition rather than mass layoffs.

Between the lines:

• Marsh aims for $600 million in annualized savings, up from an initial $400 million target.
• Savings are primarily from organizational simplification,