With big accountancy and finance firms turning to tech rather than graduates, even those with ‘useful’ degrees find their prospects diminished, says student Connor Myers
Many firms are now slashing their number of new hires.
Yes. This sucks.
The main cause of this is artificial intelligence
Unlikely.
The main cause for a chill in hiring tends to be uncertainty about the future. And we know that folks are feeling high uncertainty about the future, right now. (Gestures broadly at current headlines in general and “Not The Onion”, in particular.)
Historically, uncertainty about the future is particularly high when the people have low confidence that existing and new laws will be applied in a predictable manner.
I’ll leave exactly what changed on that front as a thought exercise.
AI is interesting, but it is not the primary cause of the chill in hiring new graduates.
ill hazard a guess, just like 10 years ago when thier hiring was already pretty bad, listings implies FULLY trained applicants are required and or h1b visa holders, they dont want to waste money to train people from the ground up, they expect you to have years of experience by the time of graduation.
Yes. This sucks.
Unlikely.
The main cause for a chill in hiring tends to be uncertainty about the future. And we know that folks are feeling high uncertainty about the future, right now. (Gestures broadly at current headlines in general and “Not The Onion”, in particular.)
Historically, uncertainty about the future is particularly high when the people have low confidence that existing and new laws will be applied in a predictable manner.
I’ll leave exactly what changed on that front as a thought exercise.
AI is interesting, but it is not the primary cause of the chill in hiring new graduates.
ill hazard a guess, just like 10 years ago when thier hiring was already pretty bad, listings implies FULLY trained applicants are required and or h1b visa holders, they dont want to waste money to train people from the ground up, they expect you to have years of experience by the time of graduation.
My company transitioned to using contractors for low experienced new hires. Our only reqs being approved by management are 10+ YOE.
Sorry kids, time to apply to a few more places.
AI just gives executives an excuse to layoff their staff without spooking their investors.
I was looking for this comment. This is it—not AI.
Agreed, and unfortunately articles like this are food for CEOs to do more under the guise of AI. “See, it works!”