ServiceNow CEO delivers a troubling AI warning to new grads

Bill McDermott did not bury the headline. Unemployment among new college graduates "could easily go into the mid-30s in the next couple of years" as AI agents take over the entry-level work that young professionals have traditionally relied on to start their careers, the CEO of ServiceNow (NOW) told CNBC on Friday, March 13. That would be a roughly six-fold jump from where things stand today. The Federal Reserve Bank of New York put the unemployment rate for recent college graduates at about 5.7% at the ...