Chipotle Aims To Slash Hiring Time By 75% With AI Platform; Retail Turns Bearish Ahead of Earnings

Chipotle Mexican Grill ($CMG) announced on Tuesday it is partnering with conversational hiring software provider Paradox to introduce a new platform that will reduce the hiring time by as much as 75%.

The restaurant chain claimed that Paradox’s conversational hiring system will enable the general managers in its restaurants to spend less time on administrative tasks and allow them to focus on their day-to-day operations.

Chipotle said its virtual team member "Ava Cado" will provide a frictionless hiring experience by chatting with candidates, answering their questions about the company, collecting basic information, scheduling interviews for hiring managers, and sending offers to candidates who are selected by managers.

Ava is multilingual and can converse with candidates in English, Spanish, French, and German.

Chief Human Resources Officer Ilene Eskenazi said Paradox operates as if the firm has hired additional administrative support for all its restaurants, freeing up more time for managers to support team members and provide an exceptional guest experience.

Chipotle also stated that Paradox is currently being introduced in a phased approach across more than 3,500 restaurants, with the process expected to be completed this month.

Meanwhile, the firm is expected to report its third-quarter earnings report on Oct. 29 after the opening bell. The firm is expected to post revenue of $2.82 billion and earnings per share (EPS) of $0.25.

Retail sentiment on Stocktwits continued to trend in the ‘bearish’ territory (44/100) on Tuesday. Stocktwits users with a bearish outlook on the firm are expressing skepticism on the stock’s potential in the near term.

However, optimistic users believe the stock might even touch $80 in the coming times.

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