As the cost of a college education continues to climb, with average tuition and fees seeing a 60% jump between 2000 and 2022, some young adults wonder about the return on such a significant investment — and how rapid advancements in AI might impact their entry-level job prospects.
Big Tech companies, including Google, Meta and Microsoft, recruited fewer recent graduates in 2024 than they did in previous years, per a recent report from venture capital firm SignalFire. The firm’s head of research, Asher Bantock, told TechCrunch that “convincing evidence” points to AI as a major contributor.
Related: AI Is Dramatically Decreasing Entry-Level Hiring at Big Tech Companies, According to a New