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.
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.
AI just gives executives an excuse to layoff their staff without spooking their investors.
Agreed, and unfortunately articles like this are food for CEOs to do more under the guise of AI. “See, it works!”