> At the biggest tech companies, new graduates went from roughly a third of all hires in 2019 to somewhere around 7% today. In the US, entry-level hiring at the top 15 tech firms fell 25% from 2023 to 2024 alone.

The title says the pipeline is collapsing, but the article describes a reduction. In my workplace, hiring stopped for teams working on non-AI products because all the money went to the teams building AI products. I would guess the AI teams wouldn't describe their pipeline as collapsing. It seems companies are going all in on AI and laying off or ignoring everything else.

You can’t benchmark against the covid era peaks, that was a known period of vast over hiring as well.