The latest tech talent report highlights a drastic decline in new graduate hiring, which has plummeted to just 7% of hires, a 50% drop from pre-pandemic levels. Companies are shifting focus towards mid- and senior-level roles as funding rounds become constrained and AI's rise changes hiring priorities. The report emphasizes that this isn't solely about layoffs or remote work; there's a broad reset in hiring strategies, impacting geographical hotspots and elite AI labs' talent retention.
Entry-level hiring is collapsing, reflecting a generational shift where new graduates are increasingly sidelined by market demands and company strategies.
Amidst headlines of labor market shifts, our data reveals a nuanced story about a fundamental reset in how companies are hiring for future tech talent.
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