Federal Reserve Bank of Kansas City President Jeffrey Schmid warns that artificial intelligence is prompting companies to pause hiring as they reassess required skill sets amid structural economic changes driven by fiscal policy and baby boomer retirements.
#YonhapInfomax #ArtificialIntelligence #FederalReserveBank #JeffreySchmid #HiringFreeze #StructuralChanges #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=108569
Kansas City Fed President Says Some Companies Halting Hiring Due to AI

Federal Reserve Bank of Kansas City President Jeffrey Schmid warns that artificial intelligence is prompting companies to pause hiring as they reassess required skill sets amid structural economic changes driven by fiscal policy and baby boomer retirements.

Yonhap Infomax
So Meta spent hundreds of millions hiring AI talent for its new “superintelligent” division without a solid org structure or long-term financial plan? Very “intelligent,” very Meta indeed! #AI #Meta #HiringFreeze #TechNews #AINews #MarkZuckerberg #AlexandrWang

Meta Freezes AI Hiring After B...
Meta pauses huge AI hiring spree amid restructuring and market caution, says Dylan Butts. Splitting AI into four groups under “Meta Superintelligence Labs,” Zuckerberg aims for machine superintelligence but hits a hiring freeze to evaluate recent hires. Is this a reset or a retreat? Learn more: https://www.cnbc.com/2025/08/21/meta-brakes-massive-ai-talent-recruitment-spending-spree-mark-zuckerberg-tbd-superintelligence-lab.html #Meta #AI #HiringFreeze #MarkZuckerberg #ArtificialIntelligence #ScaleAI #TechIndustry #AIInvestment
Meta puts the brakes on its massive AI talent spending spree

Meta Platforms has paused hiring for its AI division, ending a spending spree that saw the company acquire a wave of high-priced AI researchers and engineers.

CNBC

Some arrived to work on July 9 to find their badges no longer worked, Henderson said.

Because of a #federal #HiringFreeze that has been extended through October 15, the #USDA will not be able to replace the fired staff & will need to halt ongoing #scientific work that benefits #farmers, like a project to develop a #vaccine for a deadly #toxin that occurs in undercooked #beef, he said.

#Trump #BrainDrain #idiocracy #science #PublicHealth #labor #law #USpol

A former #BLS commissioner told Reuters that staff levels were considerably low at the agency.

"I understand that BLS staffing is down by at least 15% now, that's not reflected in any official numbers yet, because many of them are still being paid," said Erica Groshen. "They are not at work & it is impinging on the agencies. Also the #HiringFreeze means that they can't be replaced."

#economy #tariffs #inflation #recession #TrumpPurge #Trump #IgnoranceByDesign

Baylor College of Medicine in Houston lays off 100-plus over ‘uncertainty of federal funding support’

The private school and healthcare provider in the Texas Medical Center also implemented a hiring freeze. So has the nearby MD Anderson Cancer Center.

Houston Public Media
Houston’s MD Anderson Cancer Center implements partial hiring freeze

The hospital system, which last year served about 187,000 patients in the Texas Medical Center and its other Houston-area locations, said in a statement this week that it’s “prioritizing the hiring of direct patient care positions and has paused hiring for new administrative positions.”

Houston Public Media
Houston Mayor John Whitmire plans hiring freeze as city faces more than $330 million budget deficit

Whitmire wants to implement a hiring freeze in the city government. As of September, the city had nearly 5,000 vacant positions.

Houston Public Media

Yesterday, I posted about the #hiringFreeze at UCSD due to #NIHcuts. According to "Inside Higher Ed", other universities also froze their hiring, in one way or another: #MIT #Northwestern #Columbia #NCSU

https://www.insidehighered.com/news/government/politics-elections/2025/02/19/federal-funding-uncertainty-prompts-hiring-freezes

Federal funding uncertainty prompts hiring freezes

Proposed cuts to National Institutes of Health reimbursement rates have created financial headaches for universities, prompting cost-cutting measures at even the richest institutions.

Inside Higher Ed | Higher Education News, Events and Jobs