--- title: 🧊 It's a chilly summer description: ... for white-collar hiring. --- [The Talivity Weekly](https://weekly.talivity.com) # [🧊 It's a chilly summer](https://weekly.talivity.com/p/chilly-summer) Written by [Admin](https://weekly.talivity.com/author/admin) | Jul 25, 2024, 11:59:00 AM   👋** Happy Thursday!** There’s one genre of questions that TA professionals advise job candidates NOT to ask. According to **Dan** **Space**, who’s worked in HR for **EA** and **Spotify**, candidates should [avoid questions](https://www.cnbc.com/2024/07/22/in-a-job-interview-dont-ask-how-to-find-success-in-the-first-thirty-days.html?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) like, “What does success look like 30, 60, 90 days?” Since every role has so many variables, it’s often a moot point, he told **CNBC** in an interview. Thoughts on Dan’s take? Reply to this email, we’d love to hear from you. **— Team** **[RecruitmentMarketing.com](https://RecruitmentMarketing.com?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)**✨ P.S. Know you need to improve your HR tech stack, but not sure where to start? Fill out [this form](https://info.recruitmentmarketing.com/rfi-v1?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) to get matched to the right solutions with a tool built by industry experts at **RecruitmentMarketing.com**. Try it, it’s free!   ***Today’s edition is a 3-minute read. Here’s what to expect*****👇** 🗞️ *New grads are struggling to land jobs* 🌎️ *Apathetic workers cost trillions* 💰️ *ZRB Partners makes acquisition* 💻 *TA roles at eBay, SpaceX* 💼 *Layoffs at Fox, Magic Leap* *Did someone forward you this email?* *[Subscribe here](https://weekly.talivity.com/subscribe)*📥️   **NEWS** ## **One Thing You Should Know This Week** WSJ: The White-Collar Hiring Rut Is Here. That’s Bad News for Young College Grads. The job market is cooling down for white-collar jobs that require a bachelor’s degree, according to a [new report](https://www.wsj.com/lifestyle/careers/white-collar-college-educated-workers-jobs-c594c29a?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) from **The Wall Street Journal**. This means that grads just entering the workplace are entering a cooler-than-usual job market. And we don’t mean ‘cool’ in the **Fonzie** way, either. Hiring for those jobs has dipped below 2019 levels, leaving many out in the cold. 🔎 **Looking deeper.**  Data from payroll provider **ADP**, collected from 16 million people at more than 31,000 U.S. employers from January 2019 through May 2024, shows that there’s a [hiring bottleneck](https://www.adpri.org/employment-and-hiring-by-job-zone/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer). The bottleneck is happening because of two distinct reasons: 1. Rewind to 2022, when companies were *over*-hiring because of a cash-rich economy and a belief that there would be labor shortages. “These companies just got way, way too bloated,” says **Aaron Levie**, CEO of cloud computing company **Box**. 2. More tenured white-collar employees are staying in their companies and their positions longer. 🚢 **(Intern)Ships have sailed.**  All this comes at a time when many sizable, profitable companies are scrapping internships, [the Financial Times reports](https://www.ft.com/content/b3684ec2-53ba-4fc3-9f21-c7454c310d3b?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer), taking away a pathway for valuable entry-level jobs. - **Goldman Sachs** cut summer analyst roles by 200. - **J.P. Morgan** reduced its summer analyst roster by 600. - **Tesla** rescinded all of its internship offers just a few weeks before they were due to start. It’s worth mentioning that **Goldman Sachs** ”received 315,000 applications for fewer than 3,000 roles … \[and\] **J.P. Morgan** received 493,000 applications, an 82% increase from last summer,” the CEO of the Wealth Management division at **J.P. Morgan** told **WSJ**. 😓 **450 roles, 1 offer.** Fresh grads, for the most part, understand that getting a job IS a job – and more than that, they’re willing to put the time in. Some of these digital natives have even developed creative ways to make the process more efficient. **Zachary Ebaugh**, who graduated from the **University of Central Florida** with a computer science degree, applied to 450+ jobs…which yielded only a single interview for a systems engineer job in the aerospace industry. (Yes, he landed the role). 👨‍💻 **Automating application fatigue.** The experience led him to build a tool that allows job seekers to use AI to fill out applications. “It’s not so hard to send out maybe 100 or 200 job applications,” he said. But when you start getting to, 500, 800, 1,000 and you’ve been doing it for six-plus months, it can take a toll on you.” **📥️ Read more from** **[The Wall Street Journal](https://www.wsj.com/lifestyle/careers/white-collar-college-educated-workers-jobs-c594c29a?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)****.**   **NUMBERS** ## **Numbers That’ll Make You Think** - **5,000** —The number of AI jobs that will be created in the next couple of years at **JPMorgan Chase** according to CEO **Jamie** **Dimon** ([Workforce AI](https://workforceai.substack.com/p/ai-will-create-thousands-of-new-jobs?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - **$1.9 trillion** — How much “apathetic workers” cost the economy in productivity ([LinkedIn](https://www.linkedin.com/news/story/apathetic-employees-cost-19t-6838338/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - **$2.2 billion** — The amount that’s been invested in HR tech so far in 2024, buoyed by 114 deals globally ([HR Executive](https://hrexecutive.com/led-by-hcm-2-2-billion-invested-in-hr-tech-so-far-in-2024/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - **$96 million** — The total amount **The** **White House** has set aside for expanding technology training initiatives ([Gov Exec](https://www.govexec.com/technology/2024/07/white-house-announces-almost-100m-commitments-expand-pool-tech-talent/398152/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - **3,689,350** — The number of health and home personal care aides in the US, making it the most “common” job in the nation, according to new **BLS** data ([USA Today](https://www.usatoday.com/story/news/nation/2024/07/22/what-is-the-most-common-job-in-your-state/74446625007/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - **$15 billion** — The annual revenue of **LinkedIn** last quarter, far exceeding analysts’ expectations, and over 6x what it managed its first year after being acquired by **Microsoft** in 2016 ([Sherwood](https://sherwood.news/business/linkedin-use-games-ai-to-keep-you-on-the-site-revenue-2023/?utm_source=chartr&utm_medium=email&utm_campaign=chartr_20240722)) - **45%** — The percentage of cover letters for one job posting that were generated by AI, according to one recruiter’s study ([Business Insider](https://www.businessinsider.com/employers-can-tell-use-chatgpt-ai-job-application-cover-letter-2024-7?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer))   **INDUSTRY INTEL** ## **M&A Deals, Industry Moves, & Other Things To Know** - Talent blog **JobBoardDoctor** was acquired by **Catch 22 Group**, a company founded by industry vets **Julie Sowash** and **Chad** **Sowash** of the **Chad & Cheese** **Podcast** ([HR Techfeed](https://hrtechalliances.com/index.php?module=AOK_KnowledgeBase&action=DetailView&record=ed6f40f7-78c4-179b-2a7c-66a1c6d598c9&utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - Accessibility-focused recruitment platform **Making Space** raised $2 million in a pre-seed funding round with hopes to grow its efforts to train, access, and retain pre-qualified Disabled talent ([HR Techfeed](https://hrtechfeed.com/making-space-raises-2m-to-scale-talent-acquisition-learning-platform-for-disabled-workers/?utm_source=rss&utm_medium=rss&utm_campaign=making-space-raises-2m-to-scale-talent-acquisition-learning-platform-for-disabled-workers)) - **Clear Company** introduced **Virtual Recruiter**, an AI-powered chatbot designed to guide job candidates through hiring processes ([HR Tech Alliances](https://hrtechalliances.com/index.php?module=AOK_KnowledgeBase&action=DetailView&record=aad5ed5f-61a3-3120-bebd-669890eb376d&utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - Recruitment automation platform **Zappyhire** announced its newest product called **ZappyVue**, software for automated video interviewing in the U.S. market ([HR Tech Alliances](https://hrtechalliances.com/index.php?module=AOK_KnowledgeBase&action=DetailView&record=aad5ed5f-61a3-3120-bebd-669890eb376d&utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - Recruitment software giant **iCIMS** launched its summer 2024 release, a product update that focuses on automating candidate engagement through AI ([Workforce AI](https://workforceai.substack.com/p/icims-enhancements-focus-on-stronger?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - Global talent advisory firm **ZRB Partners** acquired **Jamesbeck**, an investment management recruitment firm ([SIA](https://www.staffingindustry.com/news/global-daily-news/zrg-acquires-fellow-executive-search-firm-jamesbeck?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer))   **A MESSAGE FROM CULTURECON** Join **RecruitmentMarketing.com** at **CultureCon 2024** and be in community with Culture Geeks representing **Fanatics**, **Atlassian**, **Gallup**, **Activision** and many other innovative, human-centered organizations. Network with the best talent development, people operations and employee experience professionals and learn how they're fostering a thriving employer brand and positive workplace culture. 👉️ **[Click here for 25% off registration](https://ti.to/culture-con/culturecon2024/discount/RECRUITMENTMARKETING25?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)**   **OPEN ROLES** ## **Jobs You Might Want (For Yourself!)** - Live experiences company **Gametime** is hiring a [Chief People Officer](https://www.linkedin.com/jobs/view/3932601431?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) based remote, with headquarters in San Francisco, CA - Software giant **Microsoft** is hiring a [Recruiter](https://www.linkedin.com/jobs/view/recruiter-at-microsoft-3976371984?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) based remote, with headquarters in Seattle, WA - E-commerce company **eBay** is hiring a [Senior Manager of Talent Management](https://www.linkedin.com/jobs/view/sr-manager-talent-management-%E2%80%93-hr-at-ebay-3961059887?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) based in San Jose, CA - Technology company **Shutterstock** is hiring a [Head of Global Talent Strategy](https://www.linkedin.com/jobs/view/head-of-global-talent-strategy-at-shutterstock-3980568752?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) based in New York, NY - Aerospace company **Boeing** is hiring a [Senior Human Resources Business Partner](https://www.linkedin.com/jobs/view/senior-human-resources-business-partner-and-staffing-resource-lead-at-boeing-3979473407?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)based in Daytona Beach, FL - Retail giant **Walmart** is hiring a [Senior Talent Acquisition Partner](https://www.linkedin.com/jobs/view/senior-talent-acquisition-partner-optometry-at-walmart-3980596453?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) based in Bentonville, AR - Car company **General Motors** is hiring an [HR Director](https://www.linkedin.com/jobs/view/site-hr-lr-director-arlington-at-general-motors-3980266950?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) based in Arlington, TX - Space exploration company **SpaceX** is hiring a [Technical Recruiter](https://www.linkedin.com/jobs/view/technical-recruiter-at-spacex-3961641622?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) based in Starbase, TX - Non-profit organization **UNICEF** is hiring an [HR Business Partner](https://www.linkedin.com/jobs/view/temporary-appointment-hr-business-partner-p-3-division-of-human-resources-dhr-nyhq-%23-12962-6-months-at-unicef-3979362202?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) based in New York, NY *For more of these roles delivered to your inbox every Monday, subscribe to the* ***RecruitmentMarketing.com Weekly Jobs*** *newsletter by clicking* *[here](https://magic.beehiiv.com/v1/7a76e29f-4a10-46fc-8f64-ecbe8adb5107?email=)**. For a full list of open roles, head over to our* ***TAlent Job Board*** *by clicking* *[here](https://info.recruitmentmarketing.com/jobs?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)**. If you’re publicly seeking a job, get highlighted during our* ***#TalentTuesday*** *by filling out your profile* *[here](https://forms.gle/h5oqXQmeDbHQywL18?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)**.*   **LAYOFFS** ## **Places For You To Source Fresh Talent** - Cyber unicorn **Aqua** plans to cut 50 positions, or approximately 10% of its total workforce ([CTech](https://www.calcalistech.com/ctechnews/article/rky00s7rd0?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - AR pioneer **Magic Leap** will let go of 75 employees across its sales and marketing team ([Bloomberg](https://www.bloomberg.com/news/articles/2024-07-19/magic-leap-cuts-sales-marketing-teams-in-ar-about-face?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - Media giant **Fox Entertainment** is set to eliminate 30 positions globally ([Deadline](https://deadline.com/2024/07/ted-gold-exit-fox-entertainment-layoffs-1236016294/?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - Healthcare company **Optum** will cut around 2,000 positions ([Fierce Healthcare](https://www.fiercehealthcare.com/payers/optum-lays-more-employees-landmark-optuminsight?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - Custom website builder **Webflow** said it will cut 8% of its staff ([Webflow Blog](https://webflow.com/blog/restructuring-announcement?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer)) - AI startup **Cohere** cut 20 of its staffers after a recent $500 million funding round ([CNBC](https://www.cnbc.com/2024/07/23/cohere-layoffs-20-employees-cut-following-500-million-funding.html?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer))   ## 👋**Thanks for reading!** [Explore the RecruitmentMarketing.com Marketplace](https://www.recruitmentmarketing.com/marketplace?utm_source=recruitmentmarketing.beehiiv.com&utm_medium=referral&utm_campaign=it-s-a-chilly-summer) [View full post](https://weekly.talivity.com/p/chilly-summer) ```json { "@context" : "http://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Admin" }, "dateModified" : "2024-09-12T13:44:34.070Z", "datePublished" : "2024-07-25T11:59:00Z", "headline" : "🧊 It's a chilly summer", "image" : { "@type" : "ImageObject", "height" : 675, "url" : "https://40821844.fs1.hubspotusercontent-na1.net/hubfs/40821844/Imported_Blog_Media/V2.png", "width" : 1200 }, "mainEntityOfPage" : "https://weekly.talivity.com/p/chilly-summer", "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "height" : 60, "url" : "/hs/hsstatic/content_shared_assets/static-1.4092/img/default-amp-logo.png", "width" : 60 }, "name" : "The Talivity Weekly" } } ```