According to a survey by the World Economic Forum, forty percent of employers plan to reduce staff in areas where task automation can be provided by AI. Analysts at SignalFire, a data-focused venture firm, have recorded the first signs of generative AI’s impact on the labor market by studying hiring trends of over six hundred million workers and eighty million companies through LinkedIn.
In 2024, major tech companies reduced university graduate hiring by twenty-five percent compared to the previous year. In startups, this figure decreased by eleven percent. Although SignalFire does not disclose exact numbers, a company spokesperson stated that it involves thousands of vacancies.
AI models effectively automate routine and low-risk tasks typical for entry-level positions. This is confirmed by Gabe Stengel, founder of the startup Rogo, who stated: “The Rogo tool can perform almost all the work I did in the field of company financial analysis.”
Despite the reduction in vacancies for newcomers, the demand for experienced professionals is increasing. According to SignalFire, major tech companies have increased hiring of employees with two to five years of experience by twenty-seven percent, and startups by fourteen percent. Heather Doshay, SignalFire’s partner in personnel matters, notes that competition for graduates is intensifying due to the impact of AI and advises young specialists to master relevant tools: “AI won’t take your job if you’re the best at using it.”
