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The article refers to this article from May, which claims a 50% reduction in graduate tech hiring since pre-pandemic levels, 25% reduction since 2023 https://w

The article refers to this article from May, which claims a 50% reduction in graduate tech hiring since pre-pandemic levels, 25% reduction since 2023 https://www.signalfire.com/blog/signalfire-state-of-talent-report-2025 https://www.signalfire.com/blog/signalfire-state-of-talent-r...

shagie 10mo ago
The chart with that data is https://cdn.prod.website-files.com/6516123533d9510e36f3259c/682bc20c877ad04a13853b13_FGenZsqueezeEntrylevelhiringdown50fromprepandemiclevels.webp https://cdn.prod.website-files.com/6516123533d9510e36f3259c/... Starting at 2019 and saying "pre-pandemic levels" might be a bit disingenuous since that was a leap to a boom... and the bust we're seeing now. https://www.cbre.com/insights/articles/tech-boom-interrupted https://www.cbre.com/insights/articles/tech-boom-interrupted At $113B, 2019 was the third-highest year on record for VC deal volume. 2019 had the second-highest volume of “mega rounds” ($100M deals or greater)–mega rounds represented 44% of total annual deal volume. Revenue grew by an average of 12.2% in 2019 and the total revenues of the tech giants was greater than the GDP of four of the G20 nations. Yes, tech hiring in 2025 is down from 2019. That's a lot like saying "tech hiring is down from 2000" in 2003.
- griffzhowl 10mo ago
  Thanks for the context, but there hasn't been a general tech sector crash since 2019, so I don't think the 2000-03 comparison is apt. And while 2019 might have been third-highest year for investment in 2020, according to this it's been surpassed in 2021, 2022, and 2024 https://kpmg.com/xx/en/media/press-releases/2025/01/2024-global-vc-investment-rises-to-368-billion-dollars.html https://kpmg.com/xx/en/media/press-releases/2025/01/2024-glo... So why have graduate hires continued to decline since 2023? It seems funds have been diverted from junior hiring into AI investments. However, as others have remarked, this might be a case of "AI is not taking your jobs, AI investment is taking your jobs" Junior hiring might pick up again once the spending spree is over

shagie 10mo ago

The chart with that data is https://cdn.prod.website-files.com/6516123533d9510e36f3259c/682bc20c877ad04a13853b13_FGenZsqueezeEntrylevelhiringdown50fromprepandemiclevels.webp https://cdn.prod.website-files.com/6516123533d9510e36f3259c/... Starting at 2019 and saying "pre-pandemic levels" might be a bit disingenuous since that was a leap to a boom... and the bust we're seeing now. https://www.cbre.com/insights/articles/tech-boom-interrupted https://www.cbre.com/insights/articles/tech-boom-interrupted At $113B, 2019 was the third-highest year on record for VC deal volume. 2019 had the second-highest volume of “mega rounds” ($100M deals or greater)–mega rounds represented 44% of total annual deal volume. Revenue grew by an average of 12.2% in 2019 and the total revenues of the tech giants was greater than the GDP of four of the G20 nations. Yes, tech hiring in 2025 is down from 2019. That's a lot like saying "tech hiring is down from 2000" in 2003.

griffzhowl 10mo ago
Thanks for the context, but there hasn't been a general tech sector crash since 2019, so I don't think the 2000-03 comparison is apt. And while 2019 might have been third-highest year for investment in 2020, according to this it's been surpassed in 2021, 2022, and 2024 https://kpmg.com/xx/en/media/press-releases/2025/01/2024-global-vc-investment-rises-to-368-billion-dollars.html https://kpmg.com/xx/en/media/press-releases/2025/01/2024-glo... So why have graduate hires continued to decline since 2023? It seems funds have been diverted from junior hiring into AI investments. However, as others have remarked, this might be a case of "AI is not taking your jobs, AI investment is taking your jobs" Junior hiring might pick up again once the spending spree is over