this post was submitted on 19 Feb 2024
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McDonald's actually did suffer in some regard recently. Execs have admitted they need to lower prices or they'll lose business.
I think the thing is, companies always go too far eventually. At some point, they cross the line and have to walk it back. We'll probably see the same thing here. Recruiters will use more and more AI until someone crosses the line, and then there'll be a rapid retreat.
They saw a 40% EBITDA spike in 2022. Then they came off their peak by ten points in 2023.
Overall, enormous net growth.
Recruiters won't exist once businesses fully integrate AI. All you'll have is performance tuning of the automated hiring tools.