TALENT MANAGEMENT

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The résumé has been a standard part of the hiring process for about 75 years now. But thanks to AI, it’s not as trusted or clear an indicator of job candidate quality as it once was.

“Some of our research shows that there’s more noise than signal right now in the résumé,” Paul Todgham, CFO of hiring and application tracking platform Greenhouse, told CFO Brew.

Candidates are using AI to tailor their résumés to specific roles, but in some cases, they’re applying to jobs they’re not really qualified for. Companies, in turn, are using AI to sift through the large numbers of résumés they’re getting. And job seekers are finding ways to get around automated and AI-enabled systems, using methods like prompt injection. This phenomenon of more AI use begetting more AI use has been dubbed the “AI doom loop.”

Fraud prospects. The loop’s a concern for finance leaders, or should be, because it’s driving up costs and making hiring more difficult. In a Robert Half survey, 84% of HR leaders said recruiters’ workload has grown due to AI, and 65% said AI has made it harder to identify candidates’ genuine skills.

AI is also contributing to candidate fraud, Todgham said, which can range from more mundane forms like exaggerated credentials or fake references to state-sponsored espionage. (Yes, really. The FBI is investigating a campaign in which remote IT workers from North Korea landed jobs with US corporations, according to the Federal News Network.)

AI interviews can be effective when used at the top of the funnel.—CV

      

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STRATEGY

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Companies with more than $1 billion in annual revenue may have a leg up in the AI scaling race, according to a recent survey. But it isn’t just the big dogs that are benefiting from the technology.

McKinsey’s recent State of AI in 2026 report found that companies with at least $1 billion in annual revenue are the ones deploying agentic tools the most. But it also found that 44% of all companies surveyed, up six percentage points year over year, reached the AI scaling phase this year.

The online survey conducted from May 4 to June 8, 2026, received responses from more than 1,700 people globally across company sizes, industries, and regions. More than a third of respondents (36%) indicated their organizations earned more than $1 billion.

CFOs are being tasked with scaling AI more and more, in large part to find the ROI from the technology.

For a smaller enterprise looking to move from piloting to scaling AI, McKinsey’s report found that chatbots have been widely scaled, and therefore can be an accessible starting point. But successful deployments look different across industries, according to the survey.

Many companies are still waiting for an earnings boost from using AI.—DL

      

MACROECONOMICS

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The same cohort we have to thank for Labubu mania has minted a new trend: The “little treat” economy. And if recent data is any indicator, they’re treating themselves to extra carats.

A trio of retail earnings reports points to a rising trend: Despite a broader downturn in consumer confidence, the luxury jewelry business is popping. Executives from Kohl’s, Macy’s, and Costco all cited their fine jewelry segments as a boon. Kohl’s, for example, will be rolling out “elevated fashion-jewelry fixtures” to 320 stores in November.

Part of this dynamic is a classic result of the K-shaped economy: Even when the economy tanks, the wealthy can keep spending on diamond earrings, since they’re insulated from plebeian problems like rising inflation and a slowing job market. Other factors include the falling price of lab-grown diamonds, fashion trends that prioritize chunky styles, and the disappearance of a middle market for luxury jewelry.

Gen Z eyes shiny things. But there’s another facet of why luxury jewelry is en vogue: Gen Z is splurging like there’s no tomorrow, economic anxiety be damned.

Gen Z is also embracing fitness culture and “ditching alcohol-related spending,” Brew Markets reports.—LB

      

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market forces

Francis Scialabba

Today’s top finance reads.

Stat: $107 billion. That’s how much more US consumers have spent on gasoline and diesel during the Iran War and Russia-Ukraine conflict than they would have without the wars, according to the Climate Solutions Lab at Brown University. (the Wall Street Journal)

Quote: “Today’s FOMC could mark the moment when the FOMC regained a measure of spine. There were many arguments for standing still. But for once, the committee sided with Main Street.”—Brad Conger, chief investment officer at Hirtle & Co., on the Fed’s decision to raise the benchmark interest rate by 25 basis points (CNBC)

Read: After Dolly Parton’s death, Dollywood owner Herschend Entertainment is tasked with growing her venues, theme parks, and resorts, and—in some ways—continuing to honor Dolly’s legacy. (Bloomberg)

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Jobs

Skip the noise and cut to the jobs that matter. CollabWORK curates openings from top employers and shares them directly in trusted spaces like CFO Brew—click here to see the full list for readers like you.

• Director, Finance - Affinity at Gallagher
• Accounting Lead – Statutory Reporting at Genworth
• Accounting Manager at Consolidated Precision Products
• Assistant Director of Finance and Accounting at Marriott International, Inc
• Senior Assistant Director of Finance & Accounting at Marriott International, Inc