In other news, Citi Wealth's technology is reportedly in need of a $500 million overhaul, Nvidia investors are bracing for the company's annual shareholder meeting, and Charles Schwab warns that stocks are looking similar to the last bear-market crash in 2021. In the tech sector, Apple has denied reports of a partnership with Meta, and investors are showing interest in AI startups working with unstructured data and revolutionizing software development. In business, a former SAP employee has broken her NDA to speak out about a workplace sexual assault, and the rapid expansion of the renewable energy sector is leading to faster promotions for workers.
Key takeaways:
- A recent survey by Resume Builder found that three in 10 companies have active fake job listings, with nearly 70% of hiring managers considering this morally acceptable.
- Even legitimate job postings can lead to a lengthy hiring process, with multiple interview rounds, personality tests, and on-site assessment days drawn out across several months.
- Citi Wealth's technology is in need of an overhaul, with an audit estimating it will cost at least $500 million to fix.
- A former SAP employee, Ashley Kostial, has broken her NDA to speak out about a workplace sexual assault, calling for an end to the use of NDAs for victims of such incidents.