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Despite AI hiring tools’ best efforts to streamline hiring processes for a growing pool of applicants, the technology meant to open doors for a wider array of prospective employees may actually be perpetuating decades-long patterns of discrimination. AI hiring tools have become ubiquitous, with 492 of the Fortune 500 companies using applicant tracking systems to … Read more
For all of their fast growth, Asia’s economies are grappling with stagnant productivity. Much of Asia’s recent growth is driven by greater investment, and not by improvements in total factor productivity, or in how efficiently inputs are turned into outputs. At best, productivity growth is slowing down; at worst, it’s declining. And even where productivity … Read more
Hello and welcome to Eye on AI. In this edition…OpenAI wins a $200 million Pentagon contract…Salesforce finds AI models can’t use CRM software very well…and a new study shows how AI scrapers are overwhelming cultural institutions. Back in April, Microsoft published some research about the modern workday, drawn from data it gathers anonymously about the … Read more
Leadership at business software giant Workday wanted employees to embrace artificial intelligence, but after conducting some internal research, they uncovered a few barriers. Their study found that 43% of Workday’s employees—known as “Workmates”—said they lacked sufficient time to explore AI. More than a third of them also expressed uncertainty about how to use these new … Read more
Carl Eschenbach, CEO of Workday speaks on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 23, 2025. Gerry Miller | CNBC Workday, a maker of human resources and finance software, reported better-than-expected quarterly results on Tuesday. The shares popped more than 10% in extended trading. Here’s how the company did … Read more
Enterprise HR platform Workday is the latest tech company to announce layoffs in recent weeks. The Silicon Valley-based company laid off 1,750 employees on Wednesday, as originally reported by Bloomberg and confirmed independently by TechCrunch. That total represents approximately 8.5% of head count. Unlike many other tech companies, including Meta and Microsoft, Workday has not … Read more
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