98% of HR leaders said that they will rely, to some extent, on software and algorithms if they're in making labor cuts in a 2023 recession. The other stat that stats that are kind of interesting is that they don't necessarily believe that it will make the right decision. So I think that's something that we all need to keep in mind too.
Bloomberg News Senior Editor Chris Anstey explains what layoffs in the technology industry mean for the broader US labor market. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Deals Reporter Ed Hammond provide the details of Ed's Businessweek Magazine story Activist Investors Find Big Companies Are Ripe Targets Again. Bloomberg Opinion Senior Columnist Beth Kowitt discusses how artificial intelligence has infiltrated decision-making on hiring, training and evaluations, and now it’s creeping into the layoff process as well. And we Drive to the Close with Sarah Ponczek, Financial Advisor at UBS Private Wealth Management.
Hosts: Carol Massar and Mike Regan. Producer: Paul Brennan.
See omnystudio.com/listener for privacy information.