Latest news with #job seekers
Bloomberg
7 hours ago
- Business
- Bloomberg
Meta, Microsoft Shares Jump After Robust Earnings
Good morning. Record artificial intelligence spending isn't holding tech shares back. Job seekers are competing with AI platforms. And a full battery comes with fries at the Tesla Diner. Listen to the day's top stories. The Magnificent Seven is living up to its name. Meta shares surged more than 10% in late trading after the owner of Instagram and Facebook beat expectations for sales. A stronger-than-expected revenue forecast signaled its core advertising business is still growing quickly enough to support aggressive AI spending. Microsoft also jumped as sales from its Azure cloud-computing unit grew 39%, faster than analysts expected.
Bloomberg
20-07-2025
- Business
- Bloomberg
India's Millions of Jobseekers Are Short on Skills
India's destiny for centuries to come will be determined by the young people joining its workforce today. A few years ago — in 2019, by some calculations — the country entered the most favorable stage of its demographic transition. There are more working-age people than those over 65 or under 16. This will be true for another three or so decades; if India doesn't grow rich in that period, then the chances are it will stay poor forever. That's a great responsibility for this generation — and one it can only fulfill if it the right jobs are available, allowing them to increase their productivity and grow incomes. But those don't seem to exist. India's growth numbers may appear comfortable, but that isn't being accompanied by an expansion of employment. There are no reliable statistics on joblessness rates — and these are deceptive in poorer countries anyway. But scenes like those in 2022, when 12.5 million candidates applied for 35,000 junior positions in Indian Railways and then rioted over the selection process illustrate the scale of the challenge.
CTV News
11-07-2025
- Business
- CTV News
Youth unemployment rate rises
The youth unemployment rate increased to the highest level in June in almost two decades. CTV's Camille Wilson speaks with students looking for a summer job.
Entrepreneur
10-07-2025
- Business
- Entrepreneur
McDonald's Job Applicants' Data Exposed to Hackers
Lax secuity measures on McDonald's AI-powered "McHire" site made the personal info of tens of millions of job-seekers vulnerable. McDonald's job applicants are not lovin' it. Wired reports that the company site, built by AI software firm had security flaws that exposed the personal data of "tens of millions of McDonald's job-seekers." The records of "Olivia," the chatbot that applicants interacted with, were easy for hackers to access, writes Wired. It was "as straightforward as guessing the username and password '123456.'" As many as 64 million records were left vulnerable, containing applicants' names, email addresses, and phone numbers. Related: McDonald's Is Hiring a Massive Amount of Workers The security weakness was made public by independent security researchers Ian Carroll and Sam Curry. Carroll told Wired that they were initially drawn to check out due to its "uniquely dystopian" hiring process. "So I started applying for a job, and then after 30 minutes, we had full access to virtually every application that's ever been made to McDonald's going back years," Carroll said. Chief Legal Officer, Stephanie King, told Wired, "We do not take this matter lightly, even though it was resolved swiftly and effectively," adding, "We own this." Related: McDonald's Executive Says the Company Won't Raise Prices on the Egg McMuffin, 'Unlike Others Making News Recently' McDonald's released a statement, which read in part: "We're disappointed by this unacceptable vulnerability from a third-party provider, As soon as we learned of the issue, we mandated to remediate the issue immediately, and it was resolved on the same day it was reported to us." Good thing the Hamburgular hadn't logged on that day.
