IBM to replace 7,800 jobs with AI

 


International Business Machines Corp (IBM) has announced plans to replace approximately 7,800 jobs with artificial intelligence (AI) in the coming years. In an interview with Bloomberg News, CEO Arvind Krishna stated that the company expects to pause hiring for roles that can be replaced by AI. Back-office functions such as human resources will be particularly affected, with hiring to be suspended or slowed in those areas. Krishna added that around 30% of non-customer-facing roles could be replaced by AI and automation within five years.

IBM’s decision to replace jobs with AI comes at a time when the technology is gaining more attention from people worldwide. This is partly due to the launch of OpenAI’s viral chatbot, ChatGPT, which was backed by Microsoft Corp and released in November last year. The chatbot’s success has brought AI to the forefront of people’s imaginations, highlighting the potential impact the technology could have on the workforce.

The reduction in jobs at IBM could involve not replacing roles that become vacant due to attrition. The company has not yet provided a specific timeline for the job cuts or which roles will be affected. However, Krishna has stated that the company is committed to providing support to those employees who are affected.

While the use of AI can help companies to increase efficiency and reduce costs, it has also raised concerns about job losses. Many fear that the increasing use of automation will lead to a significant reduction in employment opportunities, particularly in sectors such as manufacturing and administration.

IBM’s decision to replace jobs with AI reflects a growing trend in many industries. Companies are looking to leverage the benefits of automation and AI to reduce costs and improve productivity. However, it is important to remember that while AI can replace certain roles, it can also create new ones. For example, the rise of AI has led to an increased demand for data scientists, AI developers, and other related roles.

The impact of AI on the workforce is a complex issue that requires careful consideration. While AI can certainly help to reduce costs and increase efficiency, it is important to consider the impact on employees. Companies must ensure that they provide support and training to those employees who are affected by the adoption of new technologies.

IBM’s decision to pause hiring for roles that can be replaced by AI highlights the need for individuals to adapt to a changing job market. It is crucial for workers to keep their skills up-to-date and to be willing to learn new skills that are in demand. This will enable workers to remain competitive in the job market and adapt to changes brought about by the adoption of new technologies.

IBM’s decision to replace jobs with AI reflects a growing trend in many industries. Companies are looking to leverage the benefits of automation and AI to reduce costs and improve productivity. While this can certainly lead to job losses in some areas, it can also create new opportunities in others. It is important for companies to consider the impact on their employees and provide support and training to those affected. Similarly, individuals need to be willing to adapt to a changing job market and learn new skills to remain competitive.

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