"Everyone is so..": Entry-level tech workers describe the AI-fueled jobpocalypse
2 days ago
- #Tech Industry
- #AI
- #Job Market
- Rishabh Mishra and his classmates face a tough job market due to AI replacing entry-level tech roles.
- Only 25% of Mishra's 400 classmates have secured job offers, causing panic on campus.
- AI has automated tasks like debugging and software maintenance, reducing demand for fresh graduates.
- Big tech companies have cut fresh graduate hires by over 50% in the last three years.
- 37% of managers prefer using AI over hiring Gen Z employees.
- Indian IT firms reduced entry-level roles by 20-25% due to automation and AI.
- Job platforms noted a 35% decline in junior tech positions in major EU countries in 2024.
- 40% of employers expect to reduce staff where AI can automate tasks, per the World Economic Forum.
- High-paying jobs at top tech firms are rare, and companies now expect graduates to handle additional responsibilities like sales.
- Engineering degrees are becoming less relevant as workplace demands shift away from traditional college teachings.
- Students must upskill outside the curriculum to meet AI-driven industry demands.
- Experts say the current education system is unsustainable for preparing students for the rapidly changing tech industry.