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Reply to "Terrible job market for recent grads"
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[quote=Anonymous][quote] pecifically, SignalFire found that Big Tech companies reduced the hiring of new graduates by 25% in 2024 compared to 2023. Meanwhile, graduate recruitment at startups decreased by 11% compared to the prior year. Although SignalFire wouldn’t reveal exactly how many fewer grads were hired according to their data, a spokesperson told us it was thousands. While adoption of new AI tools might not fully explain the dip in recent grad hiring, Asher Bantock, SignalFire’s head of research, says there’s “convincing evidence” that AI is a significant contributing factor. Entry-level jobs are susceptible to automation because they often involve routine, low-risk tasks that generative AI handles well[/quote] https://techcrunch.com/2025/05/27/ai-may-already-be-shrinking-entry-level-jobs-in-tech-new-research-suggests/ [quote] The job market is rapidly reducing the hiring of new employees. As repetitive and simple entry-level tasks are being replaced by artificial intelligence (AI), corporations are restructuring their hiring strategies to focus more on experienced workers. In particular, with reductions at big tech companies, the openings for new employees are becoming increasingly limited. According to a report released by U.S. venture capital SignalFire on the 27th (local time), the hiring of college graduates by 15 major U.S. big tech companies decreased by 25% compared to the previous year. During the same period, new hiring at startups also fell by 11%. In contrast, hiring for talented individuals with 2 to 5 years of experience increased by 27% and 14%, respectively[/quote] https://biz.chosun.com/en/en-it/2025/05/28/IWGJMLBIWZHB3HXSZELDY5GS5Q/[/quote]
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