IBM, a leading technology company, has announced plans to replace 7,800 jobs with artificial intelligence (AI) and automation technologies. The move is part of the company’s efforts to focus on higher-growth areas and streamline its operations. As a result, IBM has decided to pause hiring for the affected positions.
IBM’s CEO, Arvind Krishna, said in a recent interview that the company plans to use AI and automation to improve productivity and cut costs. The company will focus on its cloud and AI businesses, which have shown significant growth in recent years.
Krishna also stated that the company has been retraining its employees to prepare them for the changes in the company’s operations. IBM has been investing heavily in AI and automation technologies, and the move to replace jobs with these technologies is not unexpected.
However, the move has raised concerns about the impact on workers who will be affected. While the company has stated that it will help those affected find other positions within the company, there are fears that the job losses could have a broader impact on the industry.
IBM has been a major player in the technology industry for decades, and the move to focus on higher-growth areas and streamline its operations is seen as a necessary step to stay competitive in the rapidly changing technology landscape.
The company’s pivot towards cloud and AI businesses has been successful, with significant growth in these areas in recent years. The move to replace jobs with AI and automation is expected to accelerate this growth and help IBM remain a major player in the industry.
Overall, while the move to replace jobs with AI and automation is not unexpected, it raises concerns about the impact on workers and the industry as a whole. As companies continue to invest in these technologies, it is important to consider the potential consequences and find ways to mitigate any negative impacts.
