The COVID-19 pandemic shifted Silicon Valley's hiring practices from an enthusiastic welcome of recent college graduates to a focus on experienced workers. This caution reflects the new automated tools that replace routine tasks, traditionally occupied by entry-level employees. Hiring for recent grads within tech plunged by 25% from last year and even more compared to pre-pandemic. Consequently, unemployment among recent college graduates spiked by 30%, marking a stark contrast to their previously lower unemployment rates. The outlook for these new job seekers is increasingly grim in an evolving job market.
"Recent college graduates, as a consequence, are feeling the sting of unemployment across the tech sector, with hiring for them dropped significantly since the pandemic."
"A recent report from SignalFire found new hires of recent college grads at tech companies in 2024 dropped by 25% compared to last year and more than twice that since 2019."
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