Unemployment could reach the mid-30s for college grads, says ServiceNow CEO Bill McDermott

TL;DR

watch now Unemployment could reach the mid-30s for college grads, says ServiceNow CEO Bill McDermott ServiceNow CEO Bill McDermott joins 'Squawk on the Street' to discuss the slump in software stocks, the impacts of artificial intelligence, and more. 04:20 8 minutes ago Artificial intelligence adoption could lead to significant job struggles for entry-level workers as companies boost productivity, according to ServiceNow CEO Bill McDermott. McDermott told "Squawk on the Street" on Friday that unemployment for new college graduates "could easily go into the mid-30s in the next couple of years." "So much of the work is going to be done by agents.