Telecoms giant BT is creating more than 1,000 new apprenticeship and graduate jobs as well as 1,500 training and work experience placements.
The recruitment drive will be in areas including engineering, computing, technology research and finance.
Around 300 science, technology and business graduates will be recruited, while 730 apprenticeships will be offered to school and college leavers.
BT has also created a new digital media technology apprenticeship that will provide new recruits with experience and skills in web development, digital networks, digital TV and digital media distribution.
Up to 1,500 vocational training and work experience placements will be offered to out of work youngsters over the next 18 months in a boost to the employer-led Movement to Work initiative.
Gavin Patterson, chief executive of BT, said: "This is a tough time in the job market, with almost a million young people across the UK struggling to find work. Every company needs to play its part in ensuring that Britain's future workforce isn't impaired by long-term unemployment.
"BT has an exciting future ahead of it, investing in the UK's high speed broadband infrastructure, and advances in television and digital media. Through new apprenticeships, graduate training and the Movement to Work programme, we want thousands of young people in Britain to share in this future."
Business secretary Vince Cable said: "It's good news that BT are delivering even more high quality apprenticeships and graduate jobs. Hundreds more people will now be able to get the skills they need to get on and help support sustainable economic growth.
"Ahead of National Apprenticeship Week I would encourage all employers to follow the lead of firms like BT and recognise the value and dynamism apprentices can offer businesses of all sizes."
Clive Selley, chief executive of BT's technology, service & operations, which will be hiring a large number of the apprentices and graduates, said: "There's a danger that not enough people in the UK are getting the training they need to work in research, development and innovative new industries.
"That's why I'm delighted that the majority of these new recruits will work in these fields of engineering and technology research, and that BT can play an extremely positive role by taking them on and advancing their skills through mentoring and training."
Prospect officer Ben Marshall said: "This is great news from the UK's primary IT and telecoms company. It comes at a time when BT is investing strongly in the UK's broadband infrastructure and making advances in TV and digital media such as the creation of BT Sport.
"This represents a very significant social commitment on BT's part, as well as being a substantial investment in UK plc."
Martina Milburn, chief executive of The Prince's Trust said: "It's great to see BT taking such a positive step to tackle the youth unemployment crisis. They are one of 15 leading businesses who form the movement to work, which aims to offer vocational training opportunities to 100,000 unemployed young people.
"The private sector, working in partnership with youth charities like The Prince's Trust, really can make a difference."