π¨ Attention, tech grads! AI’s takeover is making waves, and it’s not pretty for entry-level jobs. The UK’s tech industry has witnessed a staggering 46% drop in graduate jobs since 2024, with projections showing a further 53% decline by 2026. Yikes! π
AI’s not just a UK problem, though. The global tech job market is feeling the heat too. Entry-level tech job postings have plummeted by 67% between 2023-2024, and employment for 22-25 year-olds has taken a 13% hit since AI’s arrival in late 2022. π
But wait, there’s more! All industries are at risk. Employers have reduced hiring by 8% in the last academic year, with another 7% predicted for the coming year. Companies are focusing on experienced workers and cutting juniors to save costs and boost efficiency. π°
While this might seem like a smart move in the short term, it’s setting up a potential disaster for the future. When experienced pros retire in 10-20 years, who will take their place? π€
And here’s the kicker: even experienced tech workers aren’t safe. Tech giants like Amazon, Intel, and Microsoft have all announced layoffs. π
So, what’s the solution? We need to invest in training and upskilling our junior workforce to keep up with AI’s rapid pace. Let’s hope tech firms and governments step up to the plate. πͺ
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