The number of new entry-level jobs has fallen by nearly a third since the launch of the artificial intelligence tool ChatGPT in November 2022. <\/p>\n
Vacancies for graduate roles, apprenticeships, internships and junior positions with no degree requirement have fallen by 31.9 per cent, research by jobs search site Adzuna found. Such entry-level posts now account for just a quarter of the overall jobs market, down from 28.9 per cent in 2022. <\/p>\n
A growing number of companies have spoken publicly about their plans to use AI to trim their workforces. In May 2023, BT said that it would replace 10,000 jobs with artificial intelligence by the end of the decade. The affected roles would include call handling and network diagnostics.<\/p>\n
\u2022 Business live: follow for the latest news on companies, markets and the economy<\/a><\/p>\n Allison Kirkby, chief executive of BT, recently said that advances in AI could lead to even more significant job cuts<\/a> at the telecoms company. <\/p>\n Dario Amodei, chief executive of Anthropic, the $61 billion AI start-up behind the chatbot Claude, warned last month<\/a> that AI could eliminate half of entry-level white-collar jobs within five years, pushing up unemployment by between 10 per cent and 20 per cent.<\/p>\n James Neave, head of data science at Adzuna, said that apart from the general economic headwinds facing businesses, AI was a major factor in the shrinking entry-level job market. <\/p>\n \u201cIf you can reduce your hiring at the entry level, that\u2019s just going to increase your efficiency and improve cost savings,\u201d he added. <\/p>\n