(Reuters) -Nike said on Thursday it is planning to cut less than 1% of its corporate workforce as part of the sportswear maker’s plans to turn around its business under CEO Elliott Hill. Under Hill, the company has been investing in its running shoe and sneaker lines to reclaim lost ground in the segments, while rekindling relationships with retailers and …
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Artificial intelligence is replacing entry-level workers whose jobs can be performed by generative AI tools like ChatGPT, a rigorous new study finds. Early-career employees in fields that are most exposed to AI have experienced a 13% drop in employment since 2022, compared to more experienced workers in the same fields and when measured against people in sectors less buffeted …
Read More »AI is already cutting jobs — but only one age group is paying the price, Stanford study finds San Francisco Chronicle First-of-its-kind Stanford study says AI is starting to have a ‘significant and disproportionate impact’ on entry-level workers in the U.S. yahoo.com The US really is unlike other rich countries when it comes to job insecurity – and AI could make it …
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Over the last five years, career platform LinkedIn asked nearly half a million people how they feel about their careers. This year, the results are stark: young people are way more pessimistic than all other age groups. Looking at the headlines, I can’t blame them. I keep reading stories about how hard it is for new college graduates to get …
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This was far more than a trim. NFL teams had to shear an enormous number of players from rosters Tuesday, dropping from as many as 90 players to 53 by 1 p.m. PDT. The league’s tallest player and heaviest player both were cut. A former Rams star running back is out of a job. So is a star receiver. And …
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Economists at Stanford University have found the strongest evidence yet that artificial intelligence is starting to eliminate certain jobs. But the story isn’t that simple: While younger workers are being replaced by AI in some industries, more experienced workers are seeing new opportunities emerge. Erik Brynjolfsson, a professor at Stanford University, Ruyu Chen, a research scientist, and Bharat Chandar, a …
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With the pendulum swinging away from remote work and toward return-to-office mandates, working in a new region or state may no longer mean simply logging onto Zoom. As a result, companies are increasingly investing in employee relocations, as the latest Atlas corporate survey reveals. But are these investments enough to keep the hiring pipeline flowing? Keeping a white-collar job or …
Read More »Calif. teens are ditching office jobs, and making $100K before they turn 21 SFGATE AI isn’t a job killer, it’s a job shifter. We’re the biggest employment agency in the world and we can see where things are moving Fortune AI is already displacing these jobs Axios Americans fear AI permanently displacing workers, Reuters/Ipsos poll finds Reuters How AI Is Replacing White-Collar Workers Investor’s Business …
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MORAN, Wyo.—Federal Reserve Chair Jerome Powell signaled Friday that the central bank could be edging closer to lowering interest rates, even as he warned of the difficult economic backdrop confronting policymakers. Speaking at the Kansas City Fed’s annual Jackson Hole symposium, Powell described an unsettling mix of risks. “In the near term, risks to inflation are tilted to the upside, …
Read More »4 things to watch in Chicago Bears preseason finale, including Caleb Williams’ start and 53-man roster jobs Chicago Tribune 4 Bears players to watch in preseason finale vs. Chiefs Chicago Bears Official Website 5 storylines to watch in Bears’ preseason finale vs. Chiefs Yahoo Sports Important Fan Information for Friday’s Game at GEHA Field at Arrowhead Stadium Kansas City Chiefs Andy Reid announces the …
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