Paychex CEO Outlook: The labor market for small and micro enterprises is stable, and AI is unlikely to replace "blue-collar" jobs

Wallstreetcn
2025.12.20 10:29

Paychex CEO John Gibson stated that the (U.S.) small and micro enterprise labor market is in a "robust but slowing" phase, with no signs of recession and wage inflation easing. Despite exceeding earnings expectations and raising the full-year profit target, the company's stock price fell slightly due to conservative revenue guidance and clients cutting non-core expenses. Thanks to clear tax policies and expectations of interest rate cuts, the company is optimistic about 2026. It believes that technology is more likely to drive job evolution rather than eliminate positions; since most of the company's clients are blue-collar workers (such as technicians and those in the food service industry), they face a lower direct risk of being replaced by artificial intelligence (AI) automation

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