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The layoffs and hiring freezes mounting at U.S. technology companies are unlikely to be a harbinger of trouble in the broader U.S. labor market, economists say.
While tech firms that went on a hiring spree during the pandemic-fueled e-commerce boom are now cutting back, many other industries are still struggling with labor shortages, said Jennifer Lee, senior economist at BMO Capital Markets.
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From recruiting and retaining Gen Z talent to boosting benefit efforts, technology is reshaping the work experience.
With salary budgets holding steady and AI reshaping rewards, employers are looking to transparency, career growth and other benefits to retain top talent.
A new report from workplace insights platform Monster revealed that employees' expectations have shifted and leaders will need to act soon.
From onboarding new hires to supporting existing employees across both established and emerging workflows, AI is continuing to reshape the workplace.
Organizations are struggling to crack the code on young professionals, but a few changes to their strategy could make all the difference.
