Are Newsletter Layoffs the Latest Trend? Plus, AI May Add More Work.

Axios Faces Backlash After Layoffs Announced in Signature Newsletter Style

Axios recently announced the layoff of 50 employees, or 10% of its workforce, using a memo styled like its newsletter. CEO Jim VandeHei cited the need to adapt to industry changes as the reason for the cuts. The memo's format drew mixed reactions on social media, with some focusing on its style and others on the impact of the layoffs.

Get the full story here and read the notice below:

HR Must Act on AI Hiring Laws Now

With new laws addressing AI discrimination in hiring, like those in California, HR leaders need proactive strategies. You don't want to end up like Workday. Melanie Ronen of Stradley Ronon stresses the importance of compliance and fairness to prevent biased outcomes.

Read the full story to learn how to protect your company.

Beamery and TalentNeuron Forge Path for AI-Enhanced Talent Management

Beamery , a pioneer in AI-driven talent management, has partnered with TalentNeuron , experts in labor market intelligence, to revolutionize how companies approach workforce planning and skills development. This strategic collaboration aims to marry AI insights with real-world labor data, offering businesses enhanced tools for making strategic talent decisions.

Sultan Murad Saidov , Co-Founder & President at Beamery says, “This new partnership brings together the best of both worlds in talent intelligence and will use Beamery’s AI-powered models to contextualize TalentNeuron’s skills trends and supply and demand insights, enabling our customers to optimize talent strategies and empower everyone in the business with unified insights.”

Check out the full details here.

Spotlight on Excellence: Unveiling the Winners of the UK 2024 Recruitment Awards"

The Business Awards UK 2024 highlighted pioneers in the recruitment industry for their contributions to diversity, innovation, and client support. Noteworthy winners include Denizns for innovation and GTC Recruitment as the standout new startup.

Discover all the trailblazers and their groundbreaking strategies—read the full article now.

TheraEx Staffing Joins Hands with SVC Group to Enhance Healthcare Staffing Solutions

TheraEx Staffing Services , known for its comprehensive travel nursing and allied healthcare staffing, has merged with SVC , marking a significant step in both companies' strategies to consolidate and expand their market presence.

Learn more about how this merger in the full article.

AI Adds Work, Says Upwork

A new Upwork survey reveals 77% of employees report AI increases their workload. Kelly Monahan, Ph.D. , Managing Director of The Upwork Research Institute, highlights a gap between C-suite optimism and employee reality regarding AI's impact on productivity.

Read the full story by Alexandra Nawrat on WorkforceAI.News for more.

GAAP vs. EBITDA: Navigating Accounting Practices in the MSP M&A Market

Industry experts Bruce Teichman and Rick Murphy from Cogent Growth Partners, LLC discuss the advantages of GAAP over EBITDA for assessing true business value. They highlight the importance of accurate deferred revenue accounting and note the strong demand for high-quality MSPs despite high interest rates.

Explore these expert insights here.

How HR Leaders Can Support Constant Change

Peter Cappelli from 美国宾夕法尼亚大学 - 沃顿商学院 explains how HR leaders can support businesses amid constant restructuring. He highlights the importance of talent management and protecting employees from the stress of layoffs by retraining and maintaining transparency.

Find out more here.

Gen AI ROI: High Expectations, Tough Challenges

Executives are eager for returns on generative AI, but hurdles like poor data quality, inadequate risk controls, and rising costs pose significant obstacles. “After last year's hype, executives are impatient to see returns on Gen AI investments," says Rita Sallam , Chief of Research, Data, Analytics and AI at Gartner .

Read the full story by Mark Feffer on WorkforceAI.News for more.

U.S. Workers Brace for Job Insecurity Amid Market Uncertainty

In a recent survey by Express Employment Professionals and The Harris Poll , 31% of employed U.S. job seekers fear unexpected layoffs, a significant increase from previous years. This trend underscores a growing sense of insecurity in the labor market, prompting many to seek better compensation and more stable job opportunities.

Read the complete survey findings here.

Best Practices for Managing Temporary Layoffs

Temporary layoffs offer a flexible option for employers during downturns, but they come with stringent legal obligations and careful handling to maintain trust and compliance. Employers must navigate varying provincial laws, obtain employee consent where possible, and manage severance obligations effectively to avoid legal pitfalls.

Stay informed on the legalities and best practices for temporary layoffs in the full story.

Optimizing VMS and MSP Partnerships for Workforce Success

A recent Staffing Industry Analysts survey reveals that 56% of contingent workforce program managers are considering new vendor management system (VMS) and managed service provider (MSP) partnerships due to dissatisfaction with current arrangements. With Net Promoter Scores at -35 for VMS and -10 for MSPs, managers are urged to maximize these relationships by focusing on mutual benefits, exploring underutilized features, improving process efficiency and regularly reviewing performance metrics.

Learn more in the full article here.