Managers are using AI to determine raises, promotions, layoffs

📱Artificial intelligence isn't just changing workflows — it's deciding who moves up and who gets the boot. According to a survey of 1,342 U.S. managers, 6 in 10 said they use AI tools to make decisions about their direct reports. Most managers surveyed who use AI said they've turned to it for high-stakes calls, like determining raises, promotions and even who to let go. What to know >

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A third of CEOs expect to shrink workforce over the next year: Survey

💸About a third of CEOs (34%) plan to shrink their workforce over the next 12 months, up from 28% last quarter, according to the Conference Board's latest CEO confidence survey released earlier this month. The uptick marks the first time since 2020 that more CEOs expect to reduce the size of their workforce than expand it. Read more: Why do job numbers change? Understanding the latest revisions >

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AI reshapes job market as Gen Z turns to blue-collar work

💰Artificial intelligence is fundamentally altering America's employment landscape, prompting younger workers to reconsider career paths as automation threatens traditional white-collar jobs, according to a McKinsey study. The consulting firm's research found approximately 30% of current workplace tasks could be automated within five years. Read more: More than half of Gen Z workers now consider blue-collar careers >

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