Blake Lawit, who heads global affairs and legal matters for LinkedIn, the professional networking platform owned by Microsoft, confirmed during an interview at this week’s Semafor World Economy summit that the company’s data reveals a hiring decrease of approximately 20% since 2022.
Nevertheless, he dismissed the notion that AI was responsible for this trend.
“At LinkedIn… we possess an economic graph comprising over a billion members. We have data on companies, jobs, skills. It offers an incredible real-time insight into the labor market. We’ve investigated — as everyone is eager to understand: Is AI currently affecting jobs? Our findings indicate that, honestly, we haven’t observed any impact,” he stated during the discussion.
Instead, the executive indicated that the drop in hiring is more directly correlated with increasing interest rates.

“We have yet to witness the type of effects one might anticipate in sectors typically associated with AI… such as customer service, administrative roles, or marketing — these are the areas where, if AI were having an impact, it would show up,” Lawit elaborated.
“Indeed, hiring has decreased, but it’s not down significantly more,” he remarked.
Lawit also highlighted that LinkedIn’s data does not show that the drop in hiring for college-aged individuals entering the job market is “down more,” especially in comparison to those who are in the middle of or further along in their careers.
Nonetheless, he did not dismiss the possibility of future changes.
“That doesn’t imply it won’t occur down the line, but for now, it hasn’t.”
On this subject, Lawit issued a cautionary note. He pointed out that in recent years, the skills required for the average job have evolved by 25%. With the growth of AI, LinkedIn predicts this number will reach 70% by 2030.
“So, even if you’re not switching jobs, your current job is evolving,” he stated.






