Home / Business and Economy / Graduate 'Jobpocalypse': AI Fuels Crisis
Graduate 'Jobpocalypse': AI Fuels Crisis
3 Dec
Summary
- Entry-level jobs are disappearing at an alarming rate.
- AI and economic uncertainty contribute to the crisis.
- Graduate job vacancies dropped about 33 per cent last year.
The landscape for recent graduates seeking employment has become exceptionally challenging, with entry-level job openings diminishing significantly. This 'jobpocalypse' is largely attributed to a confluence of factors, including the rapid advancement of artificial intelligence, prevailing economic uncertainty, and geopolitical instability. Recruiters and industry experts note a substantial decline in graduate job vacancies, with one report indicating a drop of about 33 percent over the past year alone.
This significant reduction in early-career opportunities poses a threat to the long-term talent pipeline within companies. Experts warn that a prolonged pause in graduate hiring could lead to a "void of talent" in the coming years. While some companies are fully embracing AI, potentially replacing certain roles, others are cautiously observing its impact, leading to a widespread slowdown in recruitment. This hesitation affects not only the immediate job market but also the strategic workforce planning of organizations.
