LinkedIn's latest data reveals hiring has dropped 20% since 2022, but the platform attributes the decline to rising interest rates rather than artificial intelligence adoption.
LinkedIn's analysis challenges the narrative that AI is decimating job markets. While hiring activity has slowed significantly over the past two years, the company points to macroeconomic factors—particularly elevated interest rates—as the primary driver.
The tech industry has seen widespread layoffs and hiring freezes, yet LinkedIn's data suggests cyclical economic pressures are more responsible than automation. Higher borrowing costs have forced companies to tighten budgets and defer expansion plans.
That said, LinkedIn's conclusion carries an important qualifier: "yet." The platform acknowledges AI's long-term impact remains uncertain. As adoption accelerates across sectors, the employment consequences could shift.
The finding aligns with other recent analyses suggesting AI's job displacement effects are lagging behind hype. Still, economists warn this could change as generative AI tools become more sophisticated and integrated into business operations.
LinkedIn continues monitoring hiring trends as economic conditions evolve.
Donald Trump criticized New York Governor Kathy Hochul's one-year pause on large datacenter construction, calling for the policy to be scrapped immediately. The moratorium makes New York the first state to restrict hyperscale datacenters that power AI operations.
A federal judge has ruled that the Trump administration cannot deny visas or deport researchers solely based on their work in content moderation. The decision protects disinformation researchers from visa restrictions tied to their field of study.
Microsoft has released the KB5089573 preview cumulative update for Windows 11 versions 25H2 and 24H2. The update includes 30 changes focused on performance and reliability improvements.
Prime Minister Anthony Albanese outlined a new AI strategy at the University of Sydney, but critics say the vision needs clearer definitions on datacentre regulations and enforcement.