LinkedIn's chief global affairs and legal officer Blake Lawit says the company's data shows a decline in hiring of around 20% since 2022. However, he disputes the idea that AI is to blame, instead attributing it to rising interest rates.
Lawit pointed out that LinkedIn's "economic graph" - which includes over a billion members and companies - hasn't shown significant impacts from AI on jobs. He specifically noted that industries such as customer support, administrative work, and marketing haven't seen the expected changes due to AI.
Lawit also addressed concerns about hiring among young adults, saying that while college-aged individuals may be facing challenges in finding their first job, the decline is not disproportionately affecting them compared to those in later stages of their careers.
LinkedIn expects significant changes in the workforce as AI continues to rise. According to Lawit, the skills required for the average job have changed by 25% over the last few years and are expected to increase by another 45% by 2030.
