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1 week agoTech Workers, Long Treated Like Aristocracy, Are Now Human Waste
Tech hiring is shrinking, entry-level opportunities are declining, and restructuring and layoffs are projected to intensify in 2026.
Well before "AI" had entered the lexicon of evening newscasters, the university model of higher-education was in trouble. Between 2010 and 2022 - the year ChatGPT came out - university enrollment dropped nearly 15 percent throughout the US. State funding cuts pushed already exorbitant tuition costs onto even more students, forcing many to ask whether a college education was even worth the staggering investment.
If you are majoring in computer science or computer engineering right now, good luck on finding a good job when you get your diploma - even if you graduate from a top program. That's the sobering takeaway from Hany Farid, a deepfake expert at the University of California, Berkeley, who appeared on NOVA's "Particles of Thought" podcast to talk the current state of AI, the tech job situation that's been shredded by multiple lay offs, and how should tech graduates navigate this rocky new landscape.
"The year started with strong job growth, but that momentum has been whipsawed by uncertainty," Nela Richardson, ADP's chief economist, said in the press release.She cited a mix of factors that are weighing on hiring decisions, "including labor shortages, skittish consumers, and AI disruptions."ADP's August report is among the first to namecheck AI disruptions, a rare admission that artificial intelligence is now beginning to reshape hiring sentiment.