Challenger, Gray and Christmas
Coverage of Challenger, Gray and Christmas in the Nexus archive.
- 16 companies that have said they're doing AI-related layoffs
Multiple companies, including Snap, Block, Wix, GitLab, and Cisco, have cited AI-related efficiencies as a reason for recent layoffs. Some critics argue this reflects 'AI washing,' while studies show mixed impacts, with some positions being reopened after AI implementation.
- Teen summer employment is headed for its worst year since 1948
Teen summer employment in the U.S. is projected to reach its lowest level since 1948, with only about one-third of 16- to 19-year-olds employed last summer. Factors like inflation, oil prices, and reduced entry-level hiring opportunities are contributing to the decline, as reported by experts and jobless teens like Jaelyn Chester.
- Eager to work, teens find a frustrating summer job search
Teens in the U.S. face a challenging summer job market, with employment rates for 16- to 19-year-olds declining to about one-third last summer from a peak of 60% in the late 1970s. Factors like inflation, oil prices, and reduced entry-level opportunities are cited as causes, leaving many teens like Jaelyn Chester struggling to secure work despite active job searches.