ServiceNow CEO says that new college graduate unemployment could reach 30% thanks to AI automation
Fortune
ServiceNow CEO Bill McDermott warns that AI automation could cause college graduate unemployment to rise from its current 9 percent to the mid-30s within the next few years. He attributes this decline in entry-level opportunities to the rapid proliferation of digital agents capable of performing routine tasks previously held by young professionals. This prediction aligns with broader concerns from tech leaders that AI will significantly disrupt early-career hiring and white-collar employment.
All articles from 7 August 2026. Summaries are AI-generated and may contain errors; the linked article is the authority.