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The impact of AI is far-reaching, but now we’re seeing its potential effects on next-gen workforce. According to Intelligent.com, a resource for higher education planning, 8 in 10 companies surveyed plan to lay off recent college grads this year due to AI. The survey of 804 hiring managers also found that 69% of them believe that AI can accomplish the work of a recent college grad, more than half trust AI over interns and recent grads, and some companies are hiring fewer interns and recent grads due to AI.
It's not all “doom and gloom” though. In fact – far from it. For decades, CCEDC has been preparing next-gen workforce for next-gen challenges. A closer examination of this latest survey shows we’re ready for AI.
The Human Impact
When the Chester County Economic Development Council (CCEDC) and its Workforce Development team took a closer look at the Intelligent.com survey, we found that of the 78% of hiring managers who say recent grads will face layoffs at their companies, the vast majority were not predicting mass layoffs. About a quarter anticipate less than 3% and another quarter predict 10% or less. Zero layoffs is always the goal and we know that if you are the worker, their parent or mentor, the effects of being laid off can be devastating.
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