If AI will begin to replace human work has been subject to numerous debates.
While it is still difficult to say with certainty if AI is beginning to assume the roles previously made by humans, a recent survey of the World Economic Forum He discovered that 40% of employers intend to reduce personnel where AI can automate tasks.
Signalfire researchers, a VC company based on data This tracks the labor movements of more than 600 million employees and 80 million companies in LinkedIn, believe they can be seeing the first signs of the impact of AI on hiring.
When analyzing hiring trends, Signalfire noticed that technology companies recruited less recent university graduates in 2024 than in 2023. Meanwhile, technological companies, especially the 15 main technological companies, increased their hiring of experienced professionals.
Specifically, Signalfire found that large technological companies reduced the hiring of new graduates by 25% in 2024 compared to 2023. Meanwhile, postgraduate recruitment in new companies decreased by 11% compared to the previous year. Although Signalfire would not reveal exactly how many less they were hired according to their data, a spokesman told us that there were thousands.
While the adoption of new AI tools may not completely explain the fall in the recent graduation hiring, Asher Bantock, head of research of Signalfire, says there is “convincing evidence” that AI is a significant contributory factor.
Input level works are susceptible to automation because they often imply low -risk routine tasks that generative AI handles well.
Ai is new Coding, purification, financial researchand Software installation Skills might mean that companies need fewer people to do such work. AI’s ability to handle certain entry level tasks means that some works for new graduates could soon be obsolete.
Gabe Stengel, the founder of the startup of the Financial Analyst Rogo, began his career at Lazard Investment Bank, where he helped large pharmaceutical companies to buy new biotechnology companies. The Rogo tool “can do almost all the work I did in the analysis of those companies,” Stengel said on the stage of the Newcomer Financial Technology Summit last week. “We can build the materials, the diligence of the company, look through its finances.”
WHILE MOST LARGE INVESTMENT BANKS HAVENK EXCLUDITLY Reduced Analyst Hiring Due To Ai Yet, Executives at Firms Like Goldman Sachs and Morgan Stanley Previous PREVIOUS Considered Cutting Junior Staff Hirs By Up To Two-Thirds and Lowering The Pay of Those They Hire Best with ai is not as demand as Before, The New York Times reported last year.
Although the threat from ia to little qualified works is real, the need for technological companies of experienced professionals continues to increase. According to the signalfire report, large technological companies increased hiring by 27% for professionals with two to five years of experience, while new companies hired 14% more people in that same range of seniority.
A frustrating paradox arises for recent graduates: they cannot be hired without experience, but they cannot get experience without being hired. While this dilemma is not new, Heather Doshay, the people of Signalfire and the talent couple, says that the AI exacerbated it considerably.
Dashay’s advice to the new graduates: Master Ai Tools. “The AI will not take your job if you are the best to use it,” he said.