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