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☆ Indeed prepares for 2025 rollout of its new AI tool, Pathfinder, which aims to help job seekers
▼ + stars: | 2024-11-08 | by ( Julia Hood | Tim Paradis | ) www.businessinsider.com time to read: +4 min

Indeed is launching an AI-powered tool called Pathfinder to help job seekers discover career paths. Jessica Jensen, Indeed's chief marketing officer, said the focus will be on positioning Indeed as a "livelong talent agent." The new product comes as job seekers report profound frustration with the hiring process, citing indignities like "ghost jobs" and overwhelming competition. Related storiesThe company's internal marketing team is executing the product launch, and channels will include email, events, and job seeker content. "Outreach on the part of employers is so valuable and drives better results for job seekers and employers."

Persons: Jessica Jensen, —, Chris Hyams, Hyames, you've, Hymes, " Hyams, it's, Jessice Jensen, Jensen Organizations: Service, Pathfinder, BI, Companies

☆ How AI and skills-first hiring are rewriting the rules of recruitment
▼ + stars: | 2024-11-01 | by ( ) www.businessinsider.com time to read: +4 min

Shifting to a skills-first hiring approach diversifies talent pools and improves job matching, helping find the best candidates for the job. AI tools like Indeed Smart Sourcing can help put the focus on candidates' skills to streamline sourcing and reduce hiring time. Amid rapid technological advancement across industries, employers' hiring needs are changing, requiring them to bring the right talent on board quickly. The skills-first hiring approach can also ultimately help employers reduce both the time and costs associated with hiring, especially when supported by AI. As hiring needs continue to evolve, making the hiring process easier with AI helps companies better plan and staff for the future.

Persons: Donal McMahon, Chris Hyams Organizations: Employers, Harvard, Insider Studios

☆ More employers say they don't care if you went to college. Most still seem to.
▼ + stars: | 2024-10-20 | by ( Tim Paradis | ) www.businessinsider.com time to read: +10 min

Employers might not ask if you have a degree, but many still care, a labor market expert told BI. AdvertisementDeming said many employers look upon a worker with a four-year degree as an investment — one that can be molded into what the firm wants. "What people are looking for, because it's the easiest and laziest filter, is a four-year degree from a 'good school,'" he said. "He's been the finalist for five different positions where they said, 'You're actually the best candidate we interviewed, but we require a four-year degree,'" Hyams said. Often, that might mean a four-year degree.

Persons: —, Ranji McMillan, that's, McMillan, She's, what's, McMillan David Deming, Deming, Mona Mourshed, Mourshed, Chris Hyams, Hyams, He's, Forsa, Gartner, Jon Lester, Lester, they've Organizations: Service, Ranji, McMillan, Harvard's Kennedy School, Glass, Harvard Business School, Census, McKinsey & Company, Boston Consulting Group, Employers, Workers, US Department of, Georgetown University Center, Education, Savvas Learning Company, IBM, BI, Research, McKinsey Locations: Northridge, Los Angeles, America

☆ As AI innovation takes hold, business leaders need to think cross-functionally and keep learning, says Maggie Hulce, Indeed's chief revenue officer
▼ + stars: | 2024-10-09 | by ( Julia Hood | ) www.businessinsider.com time to read: +8 min

Maggie Hulce is Indeed's chief revenue officer and a member of BI's Workforce Innovation board. Cross-functional understanding, Hulce said, is an essential skill for today's C-suite as executives navigate the innovation juggernaut of artificial intelligence. How are you and other business leaders driving AI adoption in companies? You can have lots of different functional leaders who grew up in and have expertise in their function — but when you're solving customer problems, you're solving operational problems. These are customer problems, end to end.

Persons: Maggie Hulce, —, Hulce, Chris Hyams, it's Organizations: Service, Business, Pathfinder, Companies, Technology

☆ Sam Altman says learning AI will keep humans employed. Here's why else the robots might not take your job.
▼ + stars: | 2024-09-29 | by ( Tim Paradis | ) www.businessinsider.com time to read: +6 min

OpenAI CEO Sam Altman advises students to learn AI to stay relevant in the job market. An Indeed study found that 2,800 work skills are "very unlikely" to be replaced by generative AI. "People would say the same things — many of the same things — they say about AI now," he said. Humans have a lot of skillsAnother point for the don't-worry camp came from a new Indeed study identifying more than 2,800 work skills. AdvertisementKids are still learning to codeIt seems worries about an AI job-pocalypse aren't deterring some people from going big on tech, as Altman advises.

Persons: Sam Altman, Vinod Khosla's, —, There's, they've, Altman, Chris Hyams, Vinod Khosla, Svenja, Gudell, it's, Khosla, Indeed's Gudell, there's, Edward Kim, coders Kim, aren't, Kim, It's, " Altman Organizations: Service, GenAI, Sun Microsystems, BI Locations: Silicon Valley, execs, OpenAI, Canada

☆ How AI could actually make the hiring process more human
▼ + stars: | 2024-06-26 | by ( Sponsor Post | ) www.businessinsider.com time to read: +6 min

This has taken a major toll on the remaining hiring teams, who must now manage overwhelming workloads. For employers, acknowledging the challenges your hiring teams are grappling with, along with the innovative solutions available to them, can ultimately make the hiring process better for everyone involved. Currently, hiring teams are working under economic uncertainty, making companies more hesitant to make long-term hiring decisions. AI can make hiring more efficient and humanChris Hyams, CEO of Indeed, is optimistic about what AI can do for hiring processes by blending AI capabilities with human judgment. How Indeed employs AI responsiblyIndeed's Smart Sourcing platform is a prime example of using AI responsibly to support, not replace, human decision-making in the hiring process.

Persons: Harris, Chris Hyams, We're, " Hyams, Tony Stark, Hyams, it's Organizations: Harris, Bureau of Labor Statistics, Smart, Insider Studios

☆ Careers site Indeed to lay off 1,000 workers
▼ + stars: | 2024-05-13 | by ( Dominick Reuter | Alyshia Hull | ) www.businessinsider.com time to read: +2 min

Careers site Indeed will lay off roughly 1,000 employees, or 8% of its workforce. In a memo, CEO Chris Hyams said the company is profitable, but not set up for sustainable growth. Hyams said the cuts are more targeted than last year's across-the-board reduction of 2,200 workers. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementCareers site Indeed says it will lay off roughly 1,000 employees as it looks to simplify its organization.

Persons: Chris Hyams, Hyams, —, Mark Zuckerberg's, " Hyams Organizations: Service, Business, Market, Facebook, Meta

☆ 5 types of new jobs that AI could create
▼ + stars: | 2023-11-30 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

New AI jobs, which may not require a college degree, could offer high salaries for workers. The number of AI jobs is already on the rise. Here are the five new jobs that AI could create in the future, per the World Economic Forum. AdvertisementAs new AI tools continue to emerge , experts say engineers will be needed to guide their development. AI content creatorsAI tools will make it possible for "AI content creators" to "rapidly produce in-depth content on a topic in any field or domain" per the World Economic Forum report.

Persons: —, it's, Chris Hyams, James Neave, OpenAI Organizations: Service, World Economic, Meta, Economic, Marketing Factory

☆ How Indeed is using AI to better match employers and job seekers while keeping humans at the center of hiring
▼ + stars: | 2023-10-24 | by ( Sponsor Post | Created Indeed With Insider Studios | ) www.businessinsider.com time to read: +7 min

Embracing AI to create matchesThough AI has powered Indeed job searches from the very beginning, it's now matching employers and job seekers in new and exciting ways. When a job seeker views a posting, Indeed uses hundreds of millions of salary data points to estimate the pay for that job and helps the job seeker view how that pay matches their expectations. Indeed has spent the past two years building and fine-tuning an AI-powered job description generator that is incredibly simple and effective. Employers can specify pay, and our AI will compare that pay with local listings and job seeker preferences to recommend competitive pay ranges. This uses generative AI to automatically compose a personalized message to the job seeker, explaining why their job is right for them.

Persons: ChatGPT, Chris Hyams, it's, We're, we've, you'll, " Hyams Organizations: Insider Studios

☆ Your boss wants you to know how to use AI — but don't worry, you don't have to be an expert
▼ + stars: | 2023-10-06 | by ( Madison Hoff | Phil Rosen | ) www.businessinsider.com time to read: +4 min

That could mean "shedding some of the routine tasks that prevent you from doing more interesting work," she said, or it could mean using generative AI to help with summarizing information. To that point, Sinclair Schuller, the co-founder of Nuvalence, a consulting firm that uses generative AI, said the nascent technology is on the fast-track to widespread adoption in the workplace. But even as employers rush to adopt AI tool, there are deep concerns over the impact AI might ultimately have on society. A 2022 survey from Pew shows mixed results from US workers on whether they think AI will help or hurt them in the workplace over the next 20 years. He clarified that this doesn't mean these jobs are necessarily more likely to vanish, but they could be susceptible to big changes.

Persons: —, ChatGPT, WallStreetZen, Karin Kimbrough, there's, Kimbrough, Masayoshi, Sinclair Schuller, upskilling, Schuller, Chris Hyams, Hyams Organizations: LinkedIn, Service, Pew Research Center, Pew

☆ Indeed's CEO says college students might be learning skills that could go 'obsolete' once they graduate — all because of AI
▼ + stars: | 2023-09-22 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Chris Hyams, the CEO of Indeed, says AI could make the skills college students learn 'obsolete.' AdvertisementAdvertisementThat could spell trouble for college students, he said. "With AI, it's conceivable that students might now find themselves learning skills in college that are obsolete by the time they graduate," Hyams wrote in the essay. For instance, Hyams said that Indeed's AI technology, which recommends opportunities to its site visitors, helps people get hired "every three seconds." AdvertisementAdvertisement"Despite the staggering innovation all around us, AI is still in its infancy," Hyams wrote.

Persons: Chris Hyams, Hyams, Fortune, it's Organizations: Service Locations: Wall, Silicon

☆ 2023 layoff tracker: The latest on which companies have announced job cuts
▼ + stars: | 2023-04-25 | by ( Jennifer Korn | ) edition.cnn.com time to read: +20 min

New York CNN —BuzzFeed, Lyft, Whole Foods and Deloitte all recently announced layoffs affecting thousands of US workers. With 11,000 job cuts announced in November and the 10,000 announced in March, Meta’s headcount will fall to around 66,000 — a total reduction of about 25%. The company announced in January that it was eliminating some 18,000 positions as part of a major cost-cutting bid at the e-commerce giant. IndeedJob listing website Indeed.com announced cuts of approximately 2,200 employees, representing almost 15% of its total workforce, the company said in March. The cuts come after the company announced several rounds of job cuts throughout the pandemic due to falling demand, followed by rapid hiring last year.

☆ A laid-off Indeed.com employee went on a 'final office snack run' and filled his tote bag with chips and instant noodles on his way out
▼ + stars: | 2023-03-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

He filled up a black bag with an assortment of chips, instant noodles, and other snacks before exiting the office. Jobs portal Indeed.com laid off 2,200 employees, or 15% of its workforce last week. Despite Lee's choice of snacks in the video, he told Insider he prefers healthier snacking choices like nuts and dried fruits. "At the end of the day the snacks had to be cleared out so no harm was done," he told Insider. Indeed.com laid off about 90%, or over 200 employees in Singapore last Wednesday, the country's Business Times reported Friday.

☆ A laid-off Indeed.com employee went on a 'final office snack run' and filled his tote back with chips and instant noodles on his way out
▼ + stars: | 2023-03-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

☆ Job search platform Indeed to cut 2,200 jobs
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +1 min

March 22 (Reuters) - U.S.-based job search platform Indeed said on Wednesday it will cut about 2,200 jobs, or 15% of its workforce, joining a host of companies rationalizing their labor force following a pandemic-fueled hiring boom. Chief Executive Chris Hyams, who will take a 25% cut in base pay, said future job openings in general were at or below pre-pandemic levels and that the company was too large. Meta Platforms Inc (META.O) and Amazon.com Inc (AMZN.O) have announced a second round of layoffs as they look to cut costs. Indeed's revenue from human resource technology will decline in fiscal 2023 and 2024, Hyams said, adding that U.S. job openings will likely fall to pre-pandemic levels of 7.5 million or even lower in the next two to three years. Reporting by Akash Sriram in Bengaluru; Editing by Sriraj Kalluvila and Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

☆ Indeed to lay off 2,200 employees
▼ + stars: | 2023-03-22 | by ( Dayun Park | ) edition.cnn.com time to read: +2 min

CNN —Job listing website Indeed.com will cut approximately 2,200 employees, representing almost 15% of its total workforce, the company announced Wednesday. “The cuts come from nearly every team, function, level and region,” at the company, CEO Chris Hyams said in a memo released by the company. Within an hour after the memo was released, employees outside of the UK, Ireland, the Netherlands and Japan were expected to receive an email informing them of their status. Amazon CEO Andy Jassy announced that they will cut around 9,000 employees, primarily from Amazon Web Services, People Experience and Technology (PXT), advertising and Twitch. Meta also recently released its plan to cut 10,000 employees, on top of 11,000 layoffs announced last fall.

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