Posted on 01/31/2023 9:10:15 PM PST by Cronos
what is the true reason for these mass cuts that have left tens of thousands (80% of them in the US) out of work? This was what data experts at 365 Data Science attempted to get to the bottom of when they decided to run their own analysis of the figures.
...the median time a recently laid-off employee has been in their role is roughly two years. This could suggest that, in some ways, these cuts represent a winding-back of hiring policies put in place since the pandemic.
More surprising though, was the fact that the median level of experience held by those who were let go is 11.5 years.
...the roles and job functions most affected were within HR, which accounted for 28 percent of all layoffs. There are two possible reasons for this – firstly, it follows that if companies are laying off staff, they will also be cutting back on recruitment, and less recruitment means less need for HR staff.
A second, though perhaps just as relevant reason, however, is that HR is an area where some functions are being replaced by automation. Platforms already exist that aim to automate routine tasks related to interviewing and onboarding new hires, such as checking references, verifying identities, and carrying out health and safety assessments. In recent years, it’s even been reported that companies such as Amazon have used AI to identify low-performing staff and then fire them.
...So, is it the case that the tech giants simply expanded too far, too quickly? Or is it that innovations in AI and automation have created a situation where the fastest way to save money is to replace people with machines? In truth, it’s likely to be a little of both.
(Excerpt) Read more at forbes.com ...
HR is the most critical department in any organization. Pay, benefits and discipline. Automate that and have unhappy workers.
Even a small change creates big dissatisfaction.
People want to hear the voice of a person who cares in HR.
I’m waiting to hear some expert claim that the most recent hires don’t actually do anything productive, and the expert figured that out because of performance reports; especially with work-from-home new employees. Sometimes it takes a few years to figure out that a new trend in management doesn’t work, and then even longer to do anything useful about it.
No tellers at banks, no servers at fast food, A! taking over.
THAT is the plan...universal income...we seem to be halfway there.
Their HR folks need to start using DNA tests so they can make sure not to hire people with one drop of white blood.
:-(
My jobs change radically about every 6-8 months, both because of changes in what we are working with, and because we find holes in expertise that need to be filled in before they get out of hand.
Everyone in any sort of technology-related field needs to constantly pick up new skills, and learn how to meld new with old. Many new technologies are rejiggered versions laid on the bones of old one, then reformatted.
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