LinkedIn has reported a roughly 20% decline in hiring since 2022, according to Blake Lawit, Chief Global Affairs and Legal Officer, speaking at the Semafor World Economy Summit. Drawing on LinkedIn’s large-scale labour market data, Lawit indicated that the downturn does not currently appear to be driven by artificial intelligence.
Instead, he pointed to macroeconomic factors, particularly rising interest rates, as the primary cause of reduced hiring activity. He noted that sectors widely expected to be impacted by AI, including customer support, administrative roles, and marketing, have not shown disproportionate declines. Early-career hiring trends also remain consistent with broader patterns.
While immediate job displacement linked to AI has not materialised, LinkedIn’s data highlights a rapid shift in required skills, with expectations that job skill requirements could change significantly by 2030, reflecting AI’s growing influence on the workforce.
