- Big Tech: New grads now account for just 7% of hires, with new hires down 25% from 2023 and over 50% from pre-pandemic levels in 2019.
- Startups: New grads make up under 6% of hires, with new hires down 11% from 2023 and over 30% from pre-pandemic levels in 2019.
I believe that hiring is down but I have yet to see any evidence that it’s due to AI adoption. This is a narrative pushed by the media because they REALLY REALLY want it to be true. I consider interest rates to be a more likely culprit. The source you posted is an AI VC fund, they squeal with glee at the idea of people becoming economically displaced
Yeah, tech firms that are trying to hype their AI products as the next big thing are trying to spin the narrative that they are suffering economically. As someone who was a junior sw dev in the past, I can tell you that AI written code is 100% not good enough to do that job. It might be utilized to do that work faster - but then any sensible business wouldn’t lay off their juniors, but instead would simply have them produce more output in order to sell more product and make more money.