How Meta’s AI push redefines recruitment strategies
Learn how recruiters can adapt to this competition
Hey recruiters,
Guess what?
Meta's stock just soared by 20%, hitting a whopping $474.99 per share, thanks to a blend of savvy cost-cutting and a rebound in ad revenue.
But here's the kicker: they're doubling down on AI and VR, with Zuckerberg leading the charge into AI dominance.
This move is shaking up the competition with giants like OpenAI, Microsoft, and Google, all while keeping an eye on using data ethically.
For recruiters, this means keeping an eye on the AI space is more crucial than ever. Meta's focus on AI and its strategic use of data could redefine how we engage with candidates and innovate in our approaches.
Plus, their aggressive push into AI signals a hot market for talent in these technologies.
All this also signals a high time to implement AI into the hiring process. Not sure where to start?
Here is a guide that will help you get started.
🧠 Ready for a recruitment riddle?
“I list what you need to work with me, skills, and tasks for all to see. I tell you what the job's about, so only the right ones will stand out. I'm not a person, but I guide your way to find who fits the role I display. What am I?”
What do you think? Find the correct answer at the end of the blog.
📊 Trends in recruitment
The turbulence in the tech industry continues as layoffs have persisted into February 2024, with major companies like Google, Microsoft, Amazon, TikTok, Flipkart, and Swiggy announcing significant job reductions.
Highlighting the severity, a CEO dismissed the entire company workforce via a 2-minute call!
This ongoing wave emphasizes the volatile landscape recruiters must navigate, offering a crucial moment to strategize for talent redeployment and resilience building.
Recruiters must now focus more on providing support and finding new opportunities for affected talents, underlining the importance of adaptability during this period.
💡 Tuesday tips
Handy extensions for recruiters
Try out our Chrome extension to source candidates, contacts, and company data. You can also:
Attach notes to records
Source candidates from any page
Follow-up actions that work like magic
Plus 5 more tools to extract contact details/email addresses/social profiles of candidates for outreach or reference checks.
📕 Exclusive resource
Get the inside scoop on how to build an effective team of recruiters.
With this expert guide in hand, you will know everything you need to put together a high-performing squad that will help you take your business to the next level.
Download here for free.
🌪️ Quick rundown
In this edition of the Recruit CRM Special, we spotlighted Meta's leap into AI and VR under Zuckerberg’s leadership.
This not only positions Meta against tech behemoths like OpenAI and Google but also signals a hot market for AI talent, crucial for recruiters to watch.
We also touched on the tech industry's ongoing layoffs, with giants like Google and Amazon making significant cuts, and shared a shocking story of a CEO who dismissed his entire workforce via a 2-minute call.
Remember to grab our exclusive e-book to build your dream team of recruiters and share this digest with your buddies.
Also, find the latest trends, expert tips, and recruiting insights here!
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PS - The answer to this week’s riddle is Job descriptions! (Stay tuned for more fun riddles)
Drop your insights in the comments below 💬
Cheers 🥂
Team Recruit CRM