Hiring Pause News Today : Breaking News, Live Updates & Top Stories | Vimarsana

An internal memo sent Tuesday by Gov. Maura Healey's administration lays out strict hiring rules for agencies.

In an interview with Bloomberg on Monday, Arvind Krishna said that his company would enact a pause in hiring in those roles, and potentially reduce the payroll by 7,800 jobs over several years.

IBM CEO Arvind Krishna has stated that the company expects to pause hiring in some roles as AI and automations are set to replace around 30% of non-customer-facing jobs in the next five years. Back-office functions like HR are expected to be particularly impacted. This development comes amid a growing interest in AI and automation, as evidenced by Microsoft-backed OpenAI's recent chatbot launch.

CEO Arvind Krishna told the outlet that 30% of back-office roles, such as human resources, will be replaced over the next five years.

Treasury Secretary Janet Yellen warned the U.S. could hit its debt limit sooner than expected, as early as June 1 if Congress doesn't act to raise the debt ceiling. Here’s what investors need to know today.