“Firms don’t appear to be replacing workers with AI on a significant scale,” the firm said. It suspects some are trying to “dress up layoffs” as good news.
Employees have to constantly reskill to stay afloat, says General Catalyst CEO Hemant Taneja.
“We’re growing, but we can’t generate jobs,” KPMG chief economist Diane Swonk told Fortune. “Never seen anything like it.”
“They’re navigating fierce competition, uncertain about which roles they qualify for, and wondering whether their AI skills measure up,” said Teuila Hanson, LinkedIn’s chief people officer.
Hiring skills over people is no longer en vogue as firms deprioritize DEI and cut down on recruiting costs.
“What’s described here is appalling, and if true, whoever is operating in this manner should be ashamed,” DoorDash’s Tony Xu wrote on X.
Burnout has moved from a state of place to a state of mind.
Brian Moynihan says the fears are understandable, but urges young grads not to lose hope about the job market.
JLL’s Workforce Preference Barometer finds that your most valuable employees probably least want to be in the office—and they have the power to stay home.
Meanwhile, Gen Zers prefer email or text because of their anxiety about talking on the phone.
