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- 🎉 Fired and replaced by AI 🤖
🎉 Fired and replaced by AI 🤖
Today’s edition is brought to you by Fractional OS. Join students who are turning their skills into side hustles and profitable fractional businesses. Learn more.
Read time: 2.2 minutes
Good Morning Party People! 🎉
What a week it has been already! The Office is set for a reboot. Taylor Swift has a new BF. And it’s only Tuesday…
Here’s what we got today:
🤖 AI strikes back
📘 Amazon is hiring like CRAZY
💸 Pay transparency is on the rise
And, of course, MEMES!
93% said “Not a cool guy ❌”
7% said “Cool guy 😎”
Read the story here.
MOTD (Meme of The Day)
The Playbook on How to Go Fractional:
47% of Americans are involved in some sort of Fractional work or side hustle. That number is expected to increase to over 60% by 2030.
What most fractional workers struggle with is packaging the service they want to offer, knowing where to market themselves, and figuring out how to price their offering.
To be successful, Fractional workers need to:
Productize their expertise
Market through the right channels
Price their offer according to the market, demands, and experience
Learn how to identify and turn your 1% skill into your very own business.
AI Strikes Back
IBM is in hot water. They recently faced a series of discrimination accusations, where former employees (aged 62 & 66) claimed they were unlawfully terminated because of their age. Both employees have been with the company for over 20 years.
But it’s potentially even more sinister…
They believe there is a plan to cut 50% (or more) of IBM’s HR department and replace the workers with AI.
The plaintiffs making the discrimination accusations believe that other employees (younger ones) will not be let go, despite worse performance ratings.
“During planning for mass layoffs, including the 2023 layoff, the plaintiffs claimed IBM would consider “runway” length when choosing employees to cut while also referring to the need for employees with “new skills” or “new energy.”
“New energy” seems to be code for “younger”.
Back in May, 4,000 workers were replaced by AI. The AI trend will be interesting to continue to monitor…
Amazon is HIRING
Amazon is planning on hiring 250,000 people for the holidays. That’s more than the population of Scottsdale, Arizona…And more than the number of tech workers laid off in 2023.
The jobs will be full-time, part-time, and seasonal, with an average pay of over $20/hour. Most jobs will be fulfillment and transportation roles. It’s like a modern-day North Pole operation.
The seasonal hiring push is somewhat normal for Amazon. Last year, the company brought on 150,000 leading up to the holidays. As of recently, Amazon employed 1.5 million people, so the added headcount will be a significant percentage of the company's total workforce.
An Amazon spokesperson also said the company is investing $1.3B this year to support pay raises for these workers.
Do you think 250,000 people would fit on Jeff Bezos’ yacht?
Could 250,000 fit on this yacht? |
Pay Transparency is On The Rise
Seriously. Is there anything worse than a job description without the pay range? Let the people know what they’ll get paid!!
But we come bearing good news…
Indeed now says that half of its US job postings now feature pay transparency. That’s up since the start of the year, and up A LOT since 2019.
The main reason?
Pay transparency laws are on the rise.
Colorado has had laws in place since January of 2021, so it’s no surprise that they lead the country with 81% of all job postings containing salary information (so 19% of posts are breaking the law?! 🤨).
In New York, statewide pay disclosure laws went into place on September 17th.
The share of job postings with salary information has nearly tripled in only three years, and it looks like the trend is on pace to continue.
Read more here.
Party Favors (extra reading)
Join thousands of HR and business professionals who get smarter, faster each week about the world of work, the workplace, and the workforce in just 10 minutes, every Sunday, 6 PM EST!
Indeed’s AI at Work Report: How GenAI is Creating Jobs, Not Just Changing Them
AI only seems to make the news when it’s replacing jobs. It’s creating plenty of jobs too!
Tobias Günther has been building successful teams — with a people-first mindset — for almost 20 years. He shares the practical tools and frameworks that work, remotely or in the office! Join world-class founders and leaders for this free newsletter, sent out 2x per month.
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