this post was submitted on 28 May 2025
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Startups and Big Tech firms cut hiring of recent graduates by 11% and 25% respectively in 2024 vs. 2023, as AI can handle routine, low-risk tasks (www.signalfire.com)
submitted 2 months ago* (last edited 2 months ago) by Pro@programming.dev to c/technology@lemmy.world
10 comments fedilink hide all child comments
 
  • Big Tech: New grads now account for just 7% of hires, with new hires down 25% from 2023 and over 50% from pre-pandemic levels in 2019.
  • Startups: New grads make up under 6% of hires, with new hires down 11% from 2023 and over 30% from pre-pandemic levels in 2019.
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[–] Thedogdrinkscoffee@lemmy.ca 24 points 2 months ago

Complaints of labour shortages in 5...4...

[–] orca@orcas.enjoying.yachts 21 points 2 months ago (1 children)

Can’t eventually have senior engineers without giving junior engineers a chance, so good luck with that. I’ve got nearly 2 decades under my belt and I’m ready to leave.

[–] stealth_cookies@lemmy.ca 5 points 2 months ago

This is definitely a problem in sectors that are boom/bust. You have senior engineers ready to retire and nobody is ready to move up into their positions because there just aren't any intermediate level engineers in the industry.

[–] kescusay@lemmy.world 18 points 2 months ago (1 children)

There's inevitably going to be some rebounding from this. It's probably true that the large language models these companies are betting their businesses on can do some of the things entry-level grads do, but we've already seen several of them fail because their MBAs didn't realize that just barfing out code is only one part of what developers do.

Source: Am developer, currently working with LLMs and related tech, none of which would be able to get anywhere without someone like me doing the work.

[–] ExcessShiv@lemmy.dbzer0.com 9 points 2 months ago (1 children)

The even bigger issue is probably the lack of senior devs in 10 years because they never got hired in the first place.

[–] WhatAmLemmy@lemmy.world 5 points 2 months ago

Great news! All the high skilled service economy jobs will be outsourced to the developing world for slave wages and we will be incinerated to power AI art.

[–] MagicShel@lemmy.zip 7 points 2 months ago

What kind of low risk tasks is a startup doing? I predict a lot of companies that are never going to generate value.

[–] seven_phone@lemmy.world 7 points 2 months ago

Who would have predicted it would come for its own first.