"Hiring of new graduates by the 15 largest tech companies has fallen by more than 50% since 2019. New grad hiring at Big Tech has dropped 25% just since 2023."
"Across knowledge-work sectors, the share of job postings requiring three years of experience or less has dropped sharply since 2018, while total postings stayed flat or rose."
"40% of employers expect to reduce their workforce where AI can automate tasks, and the tasks at risk are disproportionately the routine, repetitive work that historically defined entry-level roles."
The conventional career trajectory is disintegrating, with significant reductions in entry-level positions, particularly in tech, where hiring of new graduates has dropped over 50% since 2019. Companies are increasingly opting for experienced hires, as AI takes over tasks once assigned to junior employees. This trend is evident across various sectors, with a notable decline in job postings requiring minimal experience. The World Economic Forum anticipates that 40% of employers will downsize their workforce due to AI automation, particularly affecting routine tasks that characterized entry-level roles.
Read at Silicon Canals
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