Episode Overview
Jensen Huang stepped down as Nvidia’s CEO on November 12 after 33 years leading the company he co-founded. CFO Colette Kress is serving as interim CEO while the board searches for a permanent replacement, and Pete calls it the biggest executive search in the world right now. The same week, a Microsoft outage of nearly 24 hours knocked out Outlook, Teams, and other Microsoft 365 services for companies worldwide. Pete and Peter talk about how much of the economy runs on just two software suites, Microsoft and Google, and what a failure lasting days or weeks would mean.
Gartner forecasts that AI will create 10.6 million jobs worldwide and eliminate 8.9 million by 2030, a net gain of about 1.7 million. It also expects AI to reshape the jobs of just over 20% of workers. Pete and Peter think both numbers are low and say the job losses are already happening. They also look at a Federal Reserve estimate that the U.S. now needs only about 28,000 new jobs a month to keep pace, down from roughly 80,000 before the pandemic, and what that means for headlines like October’s 165,000.
On the hiring side, eSkill’s 2026 Hiring Signals Report found that 47.9% of HR professionals trust candidate information less than they did two years ago. Pete and Peter recommend adding interviews and skills assessments to resume screening. They also cover a ResumeBuilder survey on workplace sabotage and new layoffs at Polymarket, Upwork, PepsiCo, and Boeing, none of which named AI as the reason.
Key Takeaways
- Jensen Huang stepped down as Nvidia’s CEO on November 12. CFO Colette Kress is interim CEO, and the board is considering both internal and external candidates.
- A Microsoft outage of nearly 24 hours took down Outlook, Teams, and Microsoft 365 worldwide. Microsoft blamed a network change and said it was not a cyberattack.
- Gartner forecasts AI will create 10.6 million jobs and eliminate 8.9 million worldwide by 2030, a net gain of 1.7 million.
- 47.9% of HR professionals trust candidate-provided information less than they did two years ago (eSkill).
- 69% of workers say someone at work tried to undermine them in the past year, and 16% believe someone is trying to push them out right now (ResumeBuilder).
- Polymarket, Upwork, PepsiCo, and Boeing all announced cuts, and none blamed AI.
30 minutes
