AI may have reduced entry - level positions in the technology industry.

AI may have already reduced entry-level positions in the tech industry

SignalFire, which tracks LinkedIn data, found that they may already be seeing initial signs of the impact of AI on hiring. Large tech companies hired 25% fewer recent graduates in 2024 compared to 2023. Graduate hiring at startups decreased by 11% year-on-year. At the same time, large tech companies increased hiring of professionals with two to five years of experience by 27%, while startups increased hiring of professionals in the same experience range by 14%. A recent survey by the World Economic Forum found that 40% of employers intend to lay off employees if AI can automate tasks. While the adoption of new AI tools may not fully explain the recent decline in graduate hiring, entry-level jobs are vulnerable to automation as they typically involve routine, low-risk tasks that AI can handle well.

—— TechCrunch

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