"Gen Z college graduates are eager to launch their careers but are instead hitting a wall. Despite promises that degrees would open doors to stable, well-paying jobs, just landing an interview is an uphill battle. Even execs are slowly admitting what graduates already know: entry-level hiring is shrinking fast. "AI is reshaping roles, global markets remain volatile, and graduate intakes everywhere are under pressure," Marco Amitrano, head of PwC's U.K. practice, recently wrote in a LinkedIn post."
"By the numbers, the accounting and consultancy company is hiring 200 fewer entry-level talent this year (1,300 versus 1,500). For a young Amitrano, this pullback could have been life-changing; after all, he started his career 33 years ago through to a PwC entry-level role. Today, however, the landscape looks different, with AI partly to blame for the (potentially temporary) slowdown for young people."
"PwC is cutting 200 entry-level positions as artificial intelligence reshapes the workplace, leaving many Gen Z graduates facing greater challenges in launching their careers. The firm's U.K. chief admitted that graduate hiring is "under pressure" due to advancing technology and global economic headwinds. While PwC joins companies like Amazon in integrating AI to streamline operations, as many as 95% of AI pilots are failing, according to MIT."
PwC reduced entry-level hiring by 200 roles as AI adoption and global economic headwinds lower graduate intake. The firm reported 1,300 entry-level hires this year versus 1,500 previously. AI is reshaping roles and graduate intakes are under pressure. Job postings for AI-exposed occupations are growing more slowly than for less-exposed roles. Gen Z graduates face tougher prospects, with degrees no longer guaranteeing easy access to stable jobs and interviews becoming harder to obtain. AI pilots have high failure rates, and widespread productivity gains from AI have yet to materialize.
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