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Fortune
Fortune
Emma Burleigh

ServiceNow CEO says that new college graduate unemployment could reach 30% thanks to AI automation

Young sad college graduates (Credit: yacobchuk / Getty Images)

AI tools are already spurring fierce job competition among Bambi-legged Gen Zers hoping to land their first entry-level job out of college. And the situation could get even worse, one tech boss is warning.

“I think young people coming out of university today [are experiencing] 9% unemployment,” Bill McDermott, the CEO of AI-driven software company ServiceNow, recently told CNBC. “I think it could easily go into the mid-30s in the next couple of years.”

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