This week, J.T. joins the boys for a rollercoaster ride through the latest industry news, which seems to have more downs than a feather factory. First off, Workday decided to trim 1,750 jobs from its ranks, that's about 8% of its workforce, all in the name of cozying up to AI because, let's face it, who needs humans when you have algorithms? Over at Justworks, they're laying off 200 folks, blaming everything from a looming recession to rising interest rates and a trade war - because why not blame the economy when you can? And Meta, not to be outdone, is shedding 3,600 jobs, which is 5% of their workforce, probably to fund more metaverse adventures or to pay for Mark's new space yacht.
Switching gears, Phenom has gobbled up Edge, a talent mobility software provider, aiming to beef up its AI capabilities. It's like they're trying to create the ultimate job-hopping machine for Global Capability Centers. Meanwhile, ZipRecruiter is pulling the plug on its ZipSearch API, which might just be the nail in the coffin for Jobboard.io - but hey, their stocks are up, and BlackRock's investing, so maybe they'll pivot to something like a dating app for job seekers?
The Wall Street Journal dropped a bomb with a report saying tech unemployment has spiked to 5.7%, thanks to AI playing the role of the grim reaper in software development and white-collar jobs. But hey, if you can swing a hammer or fix a pipe, you're golden. ConverzAI, on the other hand, just raised $16 million to automate the heck out of hiring, because why talk to humans when you can chat with a bot?
In military news, Defense Secretary Pete Hegseth is riding high with a recruitment boom, all thanks to the "America First" vibe. But he's also ditching diversity programs, because apparently, unity comes from being the same, not from celebrating differences. And finally, in a twist that's both futuristic and slightly bizarre, Banx Management is diving into AI models for OnlyFans, proving once and for all that even the oldest profession is not immune to technological disruption. Who knew AI could be so... versatile?
Chapters
00:00 - Valentine's Day Banter
02:58 - Super Bowl Recap and Commercial Highlights
09:00 - Job Market Trends and Layoffs
15:00 - Phenom's Acquisition and Talent Management Insights
22:04 - Navigating Acquisitions and Market Dynamics
27:01 - Tech Sector Layoffs and Job Market Shifts
34:07 - AI in Recruitment: The Rise of Converse AI
39:00 - Military Recruitment Trends and Diversity Initiatives
44:59 - The Evolution of OnlyFans and AI Models