The Future Is Borderless: U.S. Companies Go Global as Unemployment Hits 4.2%
4.2%
U.S. companies are struggling to find skilled local talent. With 40% of finance roles still unfilled and the IT skills gap projected to cost $5.5 trillion in lost productivity, businesses face a critical talent shortage in the future. With U.S. unemployment at 4.2%, businesses are turning to global hiring. Platforms like EORs now enable even small firms to access top-tier talent from global hubs — 34% from India alone — while overseas accounting hires have quadrupled since 2022. The future of hiring is borderless, fast, and strategic.
50%
Over 50% of tech hiring managers expect layoffs within a year, with roles at risk due to AI, outdated skills, and deprioritized projects. Yet, 69% believe AI will create new jobs, and 76% say reskilling is highly likely for those affected. AI development tops both the most in-demand and most lacking skills. As tech evolves, adaptability and strategic upskilling are no longer optional, they’re essential.
450
Saks Global is shutting down its Tennessee fulfillment center, laying off 450 employees, and slashing $500M in operating costs amid ongoing struggles. Following its $2.7B Neiman Marcus acquisition, the company faces vendor tensions, delayed payments, and potential store closures. Moody’s forecasts a 10% drop in EBIT for department stores amid rising tariffs, adding more pressure to Saks’ already fragile position.
41%
Nearly 60% of U.S. hiring managers are open to candidates applying via social media, with 72% of Gen Z managers most likely to notice them. 44% of hiring managers report an increase in applicants, largely driven by AI-generated CVs. Still, 38% cite being late to an interview as the biggest red flag, followed by arrogance (36%) and dishonesty (34%). Gen X leads as the most preferred generation for today’s workforce at 72%.
50
Google has told remote HR and Technical Services staff living within 50 miles of an office to adopt a 3-day hybrid schedule by mid-April, or face job termination. Those outside the 50-mile range can stay remote unless applying for new roles. Some teams offer relocation support, while others propose voluntary exit packages.