🎨 AI's creative coup

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Today’s edition is a 3-minute read. Here’s what to expect👇

🗞️ Is AI taking creative jobs?
🌎️ Americans aren’t using all their PTO
💰️ KarmaCheck announces Series B
💻 TA roles at Discord, Figma, SKIMS
💼 Layoffs at PayPal, Moovit

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Is AI going to take creative jobs? It’s likely. But how many, and how long it will take, is up for debate.

👉️ Why this matters.
OpenAI CTO Mira Murati raised both eyebrows and headlines by suggesting that AI will replace creative jobs that “maybe shouldn’t have been there in the first place.” No surprise that the CTO of the world’s most visible AI company would be bullish on AI, but her remarks caused outrage amongst artists worldwide.

🧑‍🎨 The other side.
Artists—many of whom have had their works fed to these AI models to make them so smart—believe that AI will take jobs and discourage real creativity.

💼 What this means for TAs.
Oddly enough, the surge in AI has caused a 40% increase in freelance work at creative agencies. It’s not entirely clear if this is because of job losses in the field or if the work being posted is to assist, correct, or otherwise tweak AI-generated work.

⚡️ Going deeper.
AI was the hot topic at the Cannes Lions Festival of Creativity this year (long name! Could use AI to shorten it!), with those in favor of the technology, such as Erik Hawkins, Meta’s VP of Global Partners, espousing how companies saw a 22% return on every marketing dollar spent using Meta’s AI tools.

 🌊 Our take.
Just like any emerging technology, AI will create new opportunities while replacing old ones. But time will tell what these jobs are and how this will shake out. We’re at the beginning of a big wave.

💡 Of note. 
Adobe VP Deepa Subramaniam—whose company made $19 billion in 2023 thanks in large part to their Creative Cloud products, which recently added generative AI features—believes we're currently living in a "golden age of creativity and design.”

📥️ Read more in Forbes

NUMBERS

Numbers That’ll Make You Think

• 260 — The number of McNuggets that a McDonald’s AI cashier thought should be in one order, prompting the company to shut down their AI ordering system after three years of testing (New York Times)

• 10% — The percentage of CHROs who prioritize promotion eligibility for on-site workers over remote and hybrid workers (The Conference Board)

• 70% — The percentage of registered voters aged 18-29 who say that it’s harder to find a new job than it was in the past (The Hill)

• 14,000 —The total number of layoffs this year at Tesla, leading the industry in layoffs, with Dell, Cisco, Xerox, PayPal, and Microsoft close behind (Benzinga)

• 8.45% — The percentage that CFO median pay was raised in 2023 from the previous year, mostly due to stock-based initiatives (WSJ)

• 53% — The percentage of Americans that don’t use all their vacation days (Expedia)

INDUSTRY INTEL

M&A Deals, Industry Moves, & Other Things To Know

• Background check platform KarmaCheck, the latest project from LinkedIn co-founder Eric Ly, raised $45 million in a Series B funding round, Ly announced on LinkedIn (SIA)

• Canadian freelance hub Freelance.ca has acquired Workhoppers, one of their major competitors (Yahoo! Finance)

• Workforce platform Gig and Take announced it raised a $4 million seed round and that it will rebrand as Wilya (SIA)

• AI-powered skills platform TechWolf closed a $42m round of Series B funding and said it will set its sights on the U.S. market (Unleash)

• Remote workforce marketplace Toptal announced that it has acquired Growth Collective, a major freelance marketplace (HR Tech Feed)

• Streaming platform Netflix announced a “keeper test” for managers to decide which employees to keep in a controversial memo (The Street)

• Most members of SHRM said in the organization’s most recent annual employee benefits survey that health benefits either “very” or “extremely” important to them, among other findings (HR Dive)

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OPEN ROLES

Jobs You Might Want (For Yourself!)

• Gaming community platform Discord is hiring a Senior Technical Recruiter based remote, with headquarters in San Francisco, CA

• Design platform Figma is hiring a Technical Recruiter based remote, with headquarters in San Francisco, CA

• Loungewear company SKIMS is hiring a Retail Field Recruiter based remote, with headquarters in Los Angeles, CA

• Healthcare startup Charlie Health is hiring a Recruiter based remote, with headquarters in New York, NY

• Retail software company Shopify is hiring a Recruiter based remote, with headquarters in Ottawa, ON

• Retail giant Amazon is hiring a Senior HR Business Partner based in Little Rock, AR

• Food and beverage giant Anheuser-Busch is hiring a Human Resource Business Partner based in Bronx, NY

For more of these roles delivered to your inbox every Monday, subscribe to the RecruitmentMarketing.com Weekly Jobs newsletter by clicking here. For a full list of open roles, head over to our TAlent Job Board by clicking here. If you’re publicly seeking a job, get highlighted during our #TalentTuesday by filling out your profile here.

LAYOFFS

Places For You To Source Fresh Talent

• Biosecurity firm Ginkgo Bioworks said it will lay off at least 35% of its workforce, approximately 158 employees, citing a decrease in revenue (Boston Globe)

• Drug company Somitaro Pharma plans to lay off 400 employees in latest round of layoffs, marking 1,260 in total since June 2023 (FiercePharma)

• Fintech company PayPal will lay off 85 Irish-based employees after an announcement in February that up to 250 jobs would be cut this year (Irish Examiner) 

• Payments company Wex announced it will lay off 375 staff members, 5% of its workforce, with the majority of cuts occurring in the technology sector (Portland Press Herald)

• Marketplace company ReshaMandi said it will lay off approximately 80% of its workforce after failing to receive adequate funding and scaling down operations (The Economic Times) 

• Ad-tech company Perion will cut 5% of its staff, about 20 employees, as it begins to transfer a portion of its activity from New York to Israel (Globes)

• Mobile transportation app Moovit announced it will reduce 10% of its workforce, about 25 employees, following a replacement of its CEO (CTech)

• Software company Flutterwave will reduce about 3% of its workforce, affecting 30 people, to shift business focuses on revenue drivers (Techcabal)

 👋 Thanks for reading!