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...