Palantir Bets on โฃHigh School Talent, Citing college System’s Declining Value
DENVER, โฃCO – In a bold move โchallenging the traditional โขhiring pipeline, data analytics firm Palantirโ Technologiesโ has bypassed the college route, directly hiring 22 high school โฃstudents, according โฃto recent reports. The โคdecision underscores a growing skepticism surrounding the value of โa four-year degree,โฃ as concerns mount overโ rising tuition costs, student debt,โ adn the relevance ofโ college โcurricula in a rapidly evolving job market.
The move comes as public confidence in higher education wanes. Recent data fromโข the Pew Researchโฃ Center revealsโข a growingโ share of Americans believe the U.S. higher education system is headed in โคthe wrong direction.A significant 55% of Americans rate colleges and universities poorly โคin preparing students for well-paying jobs, signaling widespread discontent as entry-level opportunities diminish and fields like โคcomputer science face disruption from artificialโ intelligence.
This shift in viewpoint isโ particularly acute for recent graduates. As of July, 58% of students who graduated from college in the past year were still seeking stable employment, a stark contrast โtoโ the 25% of millennials and Gen Xers whoโข experienced similar difficulties, according to โa โreport by Kickresume. Hiring among the 15 largest tech companies has plummeted by over 50% since 2019, as reported by VC firm SignalFire.
The financial strain on young adults furtherโ exacerbates the issue. A Newsweek pollโ earlier thisโ year found theโข average Gen Zer carries over $94,000 in personal debt,โข significantly higher than the roughly $60,000 owed by millennials and $53,000 by Gen Xers. Gen Z has โขalso โexperienced the steepest โannual credit score drop ofโ any age groupโ as 2020, with their average FICO score falling three points to 676โ – 39 points below the national โaverage of 715, according to FICO data.