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Is the AI hype dead?!
PARTY PLAN 🎉
🤖 Is the AI hype dead?!
🤨 Job seekers are still looking for flexible work
✖️ Latest in layoffs
And, of course, MEMES!
MEME OF THE DAY
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AI
Is The AI Hype Dead?!
About this time last year people were predicting a mass AI takeover where everyone gets replaced by robots and language models.
Good news, they were wrong!
AI is still probably the biggest disruption to the workforce, but its use in the workplace is slowing considerably. According to Slack’s Workforce Index, many workers are hesitant to admit to AI usage and say they don’t have the proper training.
As a result, the number of people using AI has leveled off to almost flat.
During the last three months, U.S. worker AI adoption rates grew from 32% to 33%, marking a significant slowdown from an 8 percentage point increase a year ago.
“Too much of the burden has been put on workers to figure out how to use AI. To ensure adoption of the technology, it’s important that leaders not only train workers but encourage employees to talk about it and experiment with AI out in the open.”
Despite the uncertainty about AI at work, employees said they want to build AI skills, and 76% said they feel the urgency to become an AI expert. However, 61% have spent fewer than five hours on AI learning, and 30% said they’ve had no AI training at all, including self-directed learning or experimentation.
Workers also said they expect AI-savvy employers, with 3 in 4 saying a factor in their job search includes the employer’s ability to provide and enable workers with AI tools. In addition, 2 in 5 workers said they’d prefer working for companies that provide AI tools and enable their use. According to another Slack report, more than 2 in 3 workers have never used AI at work.
Cheers to the robots not taking over (for now).
REMOTE WORK
Job Seekers Are Still Looking For Flexibility
According to Flexa, a remote and flexible job site, 59% of job seekers are looking for “fully remote” roles, but only 2% of posted jobs advertised such an arrangement. Q3 of 2024 had the “highest number of flexible job hunters ever recorded,” according to a statement from Flexa.
Over the last 18 months, demand for fully remote roles has continually increased while related job posts have been on a steady decline due to companies’ RTO mandates. However, more than 75% of posted jobs advertised hybrid work (1-4 days in the office), but only 11% of job seekers said they preferred hybrid roles.
In September, a majority of CEOs told KPMG they expect a full return to office within the next three years. Right after that survey was released, Resume Builder released a survey of their own which revealed roughly 20% of workers plan to ignore their company’s RTO mandate and face the potential consequences. The standoff continues!
LAYOFFS
The Latest in Layoffs
Advanced Micro Devices (AMD) Confirms Laying Off Over 1,000 Of Its Employees To Align Resources With “Largest Growth Opportunities.”
The Venetian Resort has been hit with layoffs in a “reorganization.”
Trump to appoint Elon Musk to lead new Department of Government Efficiency as Musk seeks to cut billions in wasteful spending. Tons of Government layoffs are expected.
Chegg will eliminate 21% of its workforce due to AI advancements.
CNN will reportedly ax top stars in layoffs that'll see hundreds fired as ratings continue to tank.
Uber says it may effectively lay off thousands of New York City drivers if the Taxi & Limousine Commission (TLC) decides to raise minimum pay standards.
Robert F. Kennedy Jr. indicated that he would fire 600 employees at the National Institutes of Health if he is appointed to office.
Stellantis Axes Another 400 Jobs In Detroit Amid Mounting Automotive Layoff Crisis.
Boeing is preparing to issue layoff notices to 17,000 workers this week.
British automaker Lotus is reportedly laying off around 16% of its workforce due to low demand for its sports vehicles.
Opendoor, a real estate tech company headquartered in San Francisco, announced that it will lay off nearly 20% of its workforce.
Enphase Energy, one of the largest solar companies in California, to lay off 17% of workforce.
Nissan Motors will cut 9,000 jobs globally (~7% of its workforce) and 20% of its global manufacturing capacity.
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