IBM Replaces 7,800 Jobs with Technology: The Rise of AI

IBM Replaces 7,800 Jobs with Technology: The Rise of AI, CEO - Arvind Krishna told in an interview that approx. 12-15 % jobs will be replaced by 2029.

May 2, 2023 - 18:02
May 3, 2023 - 11:41
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IBM Replaces 7,800 Jobs with Technology: The Rise of AI

Today's Breaking news is IBM is going to freeze their hiring and replace 7800 jobs with ai said-CEO-arvind-krishna. Arvind Krishna, the current CEO of IBM has made this decision and made everyone shocked and mixed reactions of people all over the world. Job seekers don't know what happened and why they are not getting jobs. People are facing many problems in getting a job because AI has replaced jobs and companies are used to AI tools. 

Before getting into the details of the decision topic, it should be important to understand in what context it is made. IBM, which stands for International Business Machines, is a multinational technology company that has been in existence for over a century. Over the years, IBM is known for its technological innovation and has been responsible for creating some of the world's most iconic inventions such as the personal computer, the floppy disk, and the hard drive. 

According to IBM's CEO, Arvind Krishna, this decision was made in order to manage the company's workforce and set the skills of employees with the changing needs of the market. The company plans to focus on cloud computing, artificial intelligence, and other emerging technologies and believes that replacing jobs with AI will allow them to do so more efficiently. 

Now, the main point is whether this decision is right for job seekers and working employees or not. This decision will be more difficult for job seekers as might be other companies also replace jobs with AI tools. As, in today's world new technologies and innovation are making work easier and replacing jobs.

The decision made by IBM is not entirely surprising, given the current trends in the tech industry. Many companies are investing heavily in AI and automation, as they believe that these technologies will help them to reduce costs, increase efficiency, and remain competitive in a rapidly evolving market.

While this decision may seem drastic, it is not the first time that IBM has made such a move. In fact, the company has been at the forefront of AI research and development for several years and has already incorporated AI into many aspects of its operations.

However, in recent times, the company has been facing financial challenges due to increased competition from other tech giants such as Amazon, Google, and Microsoft. In order to remain competitive, IBM has had to make some tough decisions, one of which is freezing hiring and replacing jobs with AI.

FAQ's

Q: Why has IBM decided to freeze hiring and replace jobs with AI?

A: IBM has made this decision in order to realign its workforce with the changing needs of the market. The company believes that investing in AI and automation will help them to reduce costs, increase efficiency, and remain competitive in a rapidly evolving industry.

Q: How many jobs will be affected by this decision?

A: IBM has announced that approximately 7,800 jobs will be affected by this decision.

Q: What support will IBM be providing to affected employees?

A: IBM has stated that they will be providing support and resources to their employees who are affected by the decision to replace jobs with AI. This includes offering retraining programs, career counseling, and job placement services to help employees transition to new roles within the company or find employment elsewhere.

Q: How will this decision impact the wider community?

A: The widespread adoption of AI and automation has raised concerns about job loss and its impact on the global economy. While IBM's decision may be controversial, the company has committed to investing in diversity, equity, and inclusion initiatives, as well as providing support to affected employees. It is also important for companies to consider the ethical and social impact of their decisions and work towards a more inclusive and sustainable future.

Q: What are the implications of this decision for the tech industry?

A: IBM's decision to invest in AI and automation reflects the changing nature of work in the 21st century. Many companies are exploring the potential of these technologies to increase efficiency and remain competitive in a rapidly evolving market. However, there are also concerns about job loss and the impact of automation on the workforce. As the tech industry continues to evolve, companies will need to be agile, adaptable, and mindful of their social and ethical responsibilities.

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Nancy Hello Everyone, I am Nancy Lakhani is a digital marketer and blog writer for BizGossips. With a passion for content creation and a strong understanding of the digital landscape, Nancy specializes in crafting engaging blog articles that connect with readers and drive business results.