AI replacing human jobs? Report reveals fresher hiring has dropped by 50% in tech companies

A new report from venture capital firm SignalFire indicates a significant decline in entry-level hiring within major tech companies, with figures showing a drop of over 50% since 2019. This downturn coincides with the increasing adoption of artificial intelligence technologies, which are transforming operations across the sector. The trend raises questions about the future landscape of job opportunities for recent graduates looking to break into the tech industry. Industry analysts suggest that the rise of AI-driven automation is a key factor contributing to this shift, as companies streamline processes and reduce the need for certain roles traditionally filled by fresh graduates. While AI offers efficiencies and cost savings, it also poses challenges for workforce dynamics, prompting discussions about the need for reskilling and adapting educational curricula to better prepare students for the evolving job market. Despite the decline in traditional entry-level positions, experts highlight that new opportunities are emerging in areas related to AI development, machine learning, and data analysis. As tech companies continue to innovate, there is a growing demand for specialized skills that can complement AI advancements rather than compete with them. This evolution emphasizes the importance of agility and continuous learning for those entering the workforce.

— Authored by Next24 Live