It kinda doesn't work these days. One of the points of DEI was to eliminate the nepotism hiring (and it's kinda good if the hiring wasn't so broken), so these days referrals don't mean shit unless you're referred by someone high-ranked enough.
I've literally seen people being autorejected after being referred by team-leads these days.
Yes. But not always. Getting an internal referral helps somewhere between not at all and a lot. And it is pretty random, nothing to do with you. Just a matter of timing and attention span and where other candidates are in the queue.
However, it never hurts. So overall, don't expect networking and referrals will get you the job, but do expect it to help every now and then. So it is worth spending some time on that.
A bunch of other new grads, all in a cage match over entry level that don't exist?
Where are the nativists, and why aren't they demanding a $100,000/license tax on AI?
Or if they have parents who have influential friends and family, they are worthy.
As one of those new grads, I'm frankly not seeing where I could expand my scope to. Most random tech workers, outside the people I know through a past job, wouldn't want to know me, a random person. Everyone always suggests networking and going to events in the vaguest possible ways, but I'm not seeing any results in terms of establishing actual, real, interesting connections through the watered-down LinkedIn version of interaction. I would have to either build something so profoundly interesting that they would come to me first, or get to know someone in the field via some different means (like an unrelated hobby). It feels like there's very little that can actually be done productively. If you already happened to know someone somehow, you have a shot at the golden ticket, otherwise it's pretty bleak.
Of course, people skills are necessary... https://www.youtube.com/watch?v=fcIMIyQnOso
In contrast, my Dunbar number is about 5. I need a few days to calm down from meeting new people. I can't imagine putting in the effort that he does in collecting people. COVID lockdown was a welcome break for me.
I'm not in the field any longer, but when I was (pre-LLM) every job I got save one was through my network. And it's 100x more important now.
Why did they do that?