ServiceNow CEO Predicts 30% Unemployment for New Graduates Due to AI Automation

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.

Recommended Video “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.” When evaluating what is disrupting the budding workforce, the boss of the $123 billion American tech giant pointed the finger at AI agents .

McDermott predicted that there will be about three billion digital, non-human agents added to enterprises by 2030, which have the ability to automate routine tasks typically done by entry and mid-level employees.

“What’s happening now, for the non-differentiating roles, [is] so much of the work is going to be done by agents,” the ServiceNow CEO continued. “So it’s going to be challenging for young people to differentiate themselves in a corporate environment.” Already, around 5.6% of recent U.S.