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UAW Strikes Against The Big Three, The Coming Child Care Cliff And GE’s Culp Speaks

Sep 15, 2023 - forbes.com
The United Auto Workers (UAW) is officially striking against General Motors, Ford, and Stellantis due to failed negotiations, marking the first time all three automakers have been targeted simultaneously. This comes amidst ongoing layoffs across various sectors, including tech giants like Google and startups like Airtable. However, the job market remains resilient, with demographic trends suggesting a continued labor shortage due to retiring Baby Boomers and a shrinking Gen Z workforce.

In other news, tech billionaires Mark Zuckerberg, Elon Musk, and Bill Gates met with lawmakers to discuss regulatory frameworks for AI, warning of potential dangers from uncontrolled technological advancement. The IRS has halted processing new Employee Retention Credit claims due to fraud, impacting small businesses. The end of the American Rescue Plan's childcare funding could leave over 3 million American children without access to care. Meanwhile, Salesforce's interim chief people officer, Nathalie Scardino, discussed the company's use of AI in recruiting and its internal talent marketplace.

Key takeaways:

  • The United Auto Workers is officially striking against General Motors, Ford and Stellantis after failing to secure a last-minute deal before a midnight deadline.
  • Tech billionaires Meta CEO Mark Zuckerberg, Tesla CEO Elon Musk and former Microsoft CEO Bill Gates met with lawmakers in a closed-door AI forum to discuss regulatory frameworks for AI.
  • The IRS announced an immediate moratorium on processing new Employee Retention Credit claims, a Covid-era relief program meant to prevent layoffs in the early months of the pandemic, citing rampant fraud.
  • The Forbes Power Women’s Summit took place with high-profile names from business, sports, entertainment and government sharing their career lessons learned and views on leadership.
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