Wellable Weekly
In this week's episode, Nick and Geoff start by breaking down two stories about how AI is affecting the modern workforce. They dig into why Gen Z graduates are booing commencement speakers who tout AI's promise and discuss a company that suspended its 401k match mid-year to fund AI investment. They also unpack the Bolt CEO's headline-making decision to fire his entire HR team. Key Takeaways * Gen Z graduates are booing commencement speakers who frame AI as an exciting opportunity, reflecting their real anxiety about entering the current labor market in light of all the AI-driven layoffs * TTEC suspended its 401k employer match mid-year and redirected those funds toward AI tools and infrastructure, signaling a troubling new willingness to treat previously untouchable compensation benefits as variable costs * Once a few prominent companies adjust benefits previously considered off-limits, it lowers the bar for others to follow, a pattern already playing out across parental leave and other benefits * Few CEOs have publicly committed to distributing AI gains to employees, and profit-sharing or bonus contingency plans tied to AI-driven growth would meaningfully change how workforce cuts are received * ClickUp offers a rare counterexample, cutting 22% of its workforce while introducing $1 million salary bands for remaining staff, connecting the restructuring to a tangible upside for those who stay * Bolt CEO Ryan Breslow fired his entire HR team, but the core functions didn't disappear—they were redistributed to a People Ops team, making the move less radical than advertised
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