Chipotle’s AI Hiring Tool Cuts Time by 75%, But Stock Dips After Q3 Earnings

Chipotle Mexican Grill’s interim CEO, Scott Boatwright, highlighted the company’s new AI-powered hiring tool during an interview, revealing a 75% reduction in hiring time and improved staffing levels. Despite this positive news, Chipotle’s stock fell after the company’s third-quarter earnings report missed analysts’ estimates. The company’s revenue grew 13% year-over-year, but the AI-powered tool seems to be a key driver of future growth.

Travel and Hospitality Thrive Amid Job Market Slowdown

While the overall job market saw a slowdown in hiring during July, the travel and hospitality industries bucked the trend, experiencing robust growth in employment. The summer vacation season, pent-up travel demand, and a focus on enhancing customer experiences fueled the need for more staff in these sectors. Despite economic uncertainties, travel and hospitality remain bright spots in the job market, offering significant opportunities for employment.

Reliance Group Hires Over 171,000 New Employees in FY24, Majority Under 30

Reliance Group, led by Mukesh Ambani, has announced the hiring of over 171,000 new employees across various businesses in the financial year 2023-24 (FY24), bringing its total workforce to nearly 348,000. Notably, 81.8% of the new hires are below the age of 30, highlighting the company’s focus on attracting younger talent. The report also reveals significant investment in employee development and training, including initiatives like Spectrum 8.0, LinkedIn learning, and Coursera upskilling programs.

Applicant Offers to Pay $500 to be Hired by Software Company

In a unique approach to job hunting, an applicant offered to pay $500 to Wingify’s founder Paras Chopra if he got hired at the firm. Chopra shared the applicant’s message on social media, expressing his surprise. The applicant stated that Chopra could fire him and keep the money if he didn’t prove his worth within the first week. The incident sparked a discussion about the state of job applications and how candidates are resorting to unconventional methods to get noticed.

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