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ServiceNow CEO Warns AI Could Drive Graduate Unemployment to 30%
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ServiceNow CEO Warns: AI Could Skyrocket Graduate Unemployment to 30%
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Storyboard
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16-03-2026, 15:12
ServiceNow CEO Warns: AI Could Skyrocket Graduate Unemployment to 30%
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ServiceNow CEO Bill McDermott warns AI could push new graduate unemployment to 30-35% in coming years.
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AI automates routine tasks, making it harder for entry-level workers to secure jobs.
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Current graduate unemployment is 5.7%, but underemployment is 42.5% (Federal Reserve Bank of New York).
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Companies like Block, Atlassian, Palantir, and Amazon are restructuring, cutting staff, and investing in AI.
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McDermott states ServiceNow's AI replaces 90% of certain customer service tasks, accelerating job displacement.
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