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UK Job Vacancies Plummet 31% Amid AI Hiring Shift

7/14/2025

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Summary

Graduates Face Job Decline

Job vacancies in Britain have decreased by 31% year-on-year, with AI-related roles down 38%, per McKinsey.
AI's influence in recruitment has intensified competition, with 50% of graduates utilizing AI for applications.
Since ChatGPT's launch, entry-level job postings have dropped by 32%, making the job market tough for graduates.
Jobseekers express frustration with AI hiring processes, feeling their qualifications are often overlooked.
Employers increasingly favor job-specific experience over degrees, complicating the search for new graduates.

Summary

Tech Firms Layoffs

Indeed and Glassdoor are reducing their workforce by 1,300 jobs globally, a 6% decrease due to AI adoption.
Recruit Holdings aims to raise AI-generated code from one-third to 50%, affecting R&D and sustainability teams.
Microsoft and IBM announced layoffs, with Microsoft cutting 120 positions in Australia.
Telstra is eliminating 550 jobs as part of a business reset, despite ongoing AI investments.
Prime Minister Albanese highlights AI's potential to enhance job security amid workforce reduction concerns.

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Graduates Face Job Decline

Job vacancies in Britain have decreased by 31% year-on-year, with AI-related roles down 38%, per McKinsey.
AI's influence in recruitment has intensified competition, with 50% of graduates utilizing AI for applications.
Since ChatGPT's launch, entry-level job postings have dropped by 32%, making the job market tough for graduates.
Jobseekers express frustration with AI hiring processes, feeling their qualifications are often overlooked.
Employers increasingly favor job-specific experience over degrees, complicating the search for new graduates.

1 / 2