More bad news for recent college graduates, a cohort that's reported relatively high levels of job market pessimism this year. According to a new study from Intelligent.com, 78% of hiring managers say their company will layoff recent graduates due to AI use. Sixty-nine percent said they believed AI could do the work of a recent graduate, respectively.

The study, which was carried out by Pollfish and surveyed 804 U.S. hiring managers, shows that the magnitude of expected layoffs varies across companies. Twenty-three percent of managers reported that less than 3% of recent college graduates would be laid off for reasons related to AI. Twenty-seven percent put that number between 5% to 10%, and 11% said 15% to 30%. Another 11% answered that 30% to 60% would lose their jobs. Finally, 6% of managers said that 70% would be laid off.