Greenhouse CEO Daniel Chait says artificial intelligence is creating a "doom loop" in hiring, as job seekers use AI tools to send applications at scale while overwhelmed recruiters increasingly turn to AI to screen them.
Candidates can spend about $20 on tools that automatically apply to Greenhouse jobs, contributing to a surge in applications that recruiters struggle to process, according to a Fortune report published Sunday.
Greenhouse currently has about 175,000 live jobs, with an average of 254 applicants per posting, while applications per recruiter have jumped 412%.
AI Doom Loop "This is the first time when really both sides have been unhappy," Chait said.
"The market just isn’t working for either side." As candidates send more AI-generated applications, recruiters use AI to handle the growing volume.
