Overview
- Entry‑level tech job postings in New York City fell about 49% from 2022 to 2025, and entry openings also dropped sharply in office, finance and media roles.
- Overall tech employment has remained steady and New York State recorded roughly 60,000 net new jobs over the past year, showing firms are changing hiring patterns rather than triggering mass layoffs.
- A New York Fed survey finds AI use has jumped—about 60% of service firms and half of manufacturers now report using AI—and firms report transformation more than cuts with 10% hiring more AI specialists and under 5% reporting job cuts.
- Public and education responses include the Mamdani administration’s $5 million for CUNY AI efforts, CUNY’s $3 million AI Innovation Fund for campus projects and city proposals for paid internships to rebuild early‑career experience.
- The shift is squeezing recent graduates and lower‑experience workers by raising skill and experience barriers, which could push some talent out of the city unless internship pipelines and retraining scale up quickly.