As if graduating weren't daunting enough, now students like me face a jobs market devastated by AI | Connor Myers
Briefly

September marks the start for many young adults heading to universities, embarking on a life-altering journey. However, by 2025, many graduates discovered they trained for non-existent jobs, as companies like Deloitte and EY cut graduate recruitment significantly. Data indicates steep declines in entry-level job opportunities, particularly in finance and IT, primarily due to the rise of artificial intelligence. AI is taking over tasks previously assigned to junior employees, leaving recent graduates confronted with an increasingly tough job market and diminishing secure career paths.
Many firms are now slashing their number of new hires. Big accountancy firms have cut back on graduate recruitment; Deloitte reduced its scheme by 18%, while EY has cut the number of graduates it's recruiting by 11%.
According to data collected by Adzuna, entry-level job opportunities in finance have dropped by 50.8%, and those for IT services have seen a decrease of 54.8%. The main cause of this is artificial intelligence.
Companies are now relying on AI to replicate junior-level tasks, removing the need for them to hire humans. It feels like a kick in the teeth to students and recent graduates.
Once, graduates could hope to get a job in a sector such as consultancy or accountancy. Now, those secure opportunities feel as though they're evaporating.
Read at www.theguardian.com
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