tech
March 13, 2026
AI agents could easily send college grad unemployment over 30%, ServiceNow CEO says
Technology companies, including Block and Atlassian, have already cut jobs this year due to AI adoption.
TL;DR
- ServiceNow CEO Bill McDermott forecasts a significant rise in unemployment for entry-level workers due to AI adoption, potentially reaching the mid-30s.
- AI is automating tasks, increasing productivity, and enabling companies to reduce hiring and slash costs.
- Recent college graduates face challenges differentiating themselves in a corporate environment increasingly reliant on AI agents.
- Companies like Block and Atlassian have already announced job cuts linked to AI automation and investments.
- AI is impacting white-collar jobs, including coding and marketing, allowing for reduced workforces and improved efficiency.
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