ServiceNow CEO predicts Gen Z college graduates will face at least 30% unemployment in just the next couple of years as AI takes over [Fortune]
ServiceNow, Inc. (NOW)
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Source: Fortune
AI tools are already spurring fierce job competition among Bambi-legged Gen Zers hoping to land their first entry-level job out of college. And the situation could get even worse, one tech boss is warning. Recommended Video “I think young people coming out of university today [are experiencing] 9% unemployment,” Bill McDermott , the CEO of AI-driven software company ServiceNow recently told CNBC. “I think it could easily go into the mid-30s in the next couple of years.” When evaluating what is disrupting the budding workforce, the boss of the $123 billion American tech giant pointed the finger at AI agents . McDermott predicted that there will be about three billion digital, non-human agents added to enterprises by 2030, which have the ability to automate routine tasks typically done by entry and mid-level employees. “What's happening now, for the non-differentiating roles, [is] so much of the work is going to be done by agents,” the ServiceNow CEO continued. “So it's going t
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