AI agents could easily send college grad unemployment over 30%, ServiceNow CEO says

Artificial intelligence adoption could lead to significant job struggles for entry-level workers as companies boost productivity, according to ServiceNow CEO Bill McDermott. McDermott told “Squawk on the Street” on Friday that unemployment for new college graduates “could easily go into the mid-30s in the next couple of years.” Across industries, businesses are slashing costs and cutting jobs with the help of new AI tools. Last month, Block announced plans to cut nearly half its workforce as AI automates more work. Meanwhile, software firm Atlassian, which has seen its stock dive 54% this year on AI disruption fears, said this week...