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 1 month ago* (last edited 1 month ago) by Pro@programming.dev to c/technology@lemmy.world
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  • 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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[–] MagicShel@lemmy.zip 7 points 1 month ago

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