Real concern over fake job postings

As employers pull back after their post-pandemic hiring surge, finding a really good job is getting harder — and so is finding a real job.

Nearly 40% of companies admit to posting at least one fake job this year, according to a new survey from ResumeBuilder.com. The main reasons hiring managers said they post so-called “ghost” jobs are to fool overworked employees into believing that help is on the way or to motivate employees to work harder by making them feel replaceable.

ResumeBuilder called the practice “a disturbing trend and growing problem,” but it may not end anytime soon. Hiring managers responding to the survey said the fake job postings “boosted revenue, morale and productivity,” with 70% believing it was “morally acceptable.”

No checks at checkout

Target is no longer accepting personal checks to pay for merchandise at its stores. The retail giant told the Minneapolis Star Tribune the policy was triggered by “extremely low volumes” of customers paying by check. Paying by check has declined in popularity, especially among younger people. A recent survey found that nearly half of all American adults didn’t write a single check last year.

PC sales rebound

The market for new personal computers continues to recover. International Data Corp. says shipments of PCs were up 3% in the April-June quarter, the second-straight quarter of higher sales after eight quarters of decline. Lenovo was the top PC seller in the second quarter with a market share of 23%, followed by HP (21%), Dell (16%) and Apple (9%).

Chipmaker buys AI firm

Semiconductor maker Advanced Micro Devices has agreed to buy Silo AI for $665 million in cash, adding a maker of artificial intelligence models that will help its push to close the gap on market leader Nvidia. AMD is seen as Nvidia’s closest potential competitor in the fast-growing market for graphics chips used to develop new software and services powered by AI. — BLOOMBERG NEWS