AI not cutting jobs yet, but entry-level hiring shows signs of slowdown

AI may not be cutting jobs yet, but entry-level hiring is showing early signs of slowing, according to a new report by Anthropic, even as India’s IT services companies continue campus recruitment.

The report, titled Labor market impacts of AI: A new measure and early evidence, finds no clear rise in unemployment in occupations most exposed to artificial intelligence since the release of ChatGPT in late 2022. But it points to early signals that hiring, particularly of younger workers, may be weakening in these roles.