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Entry-Level Tech Jobs are Collapsing
- The tech industry is experiencing a historic downturn in entry-level hiring globally, including in India where IT hiring is down 7% year-over-year.
- Big tech firms are hiring fewer new graduates, with only 7% of hires being new grads, marking over a 50% decline since 2019 in the US.
- Startup companies are also hiring fewer new grads, with less than 6% of hires coming from elite AI labs seeking top talent.
- The competitive landscape for new graduates entering the tech industry includes decreased job openings and heightened competition.
- AI is being increasingly used for tasks traditionally assigned to junior engineers, impacting entry-level job opportunities.
- Automation is reshaping entry-level job descriptions, with AI handling tasks like testing, documentation, and bug fixes previously done by humans.
- The intern-to-hire pipeline is drying up, making it challenging for computer science graduates to secure dream roles at big tech companies.
- Indian IT firms like TCS are cautiously hiring, with a focus on project requirements and a decrease in the number of fresh engineer positions.
- Tech job growth is shifting to Tier 2 cities in India, indicating a move towards cheaper talent and a decrease in hiring fresh grads.
- Companies hiring freshers are emphasizing mentorship, while mid-career hiring is showing a cautious rebound in the tech industry.
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