IBM CEO Predicts AI Will Replace 7,800 Jobs: Company To Halt Hiring

IBM’s CEO Arvind Krishna has announced that the tech giant will freeze hiring as it anticipates the replacement of approximately 7,800 jobs with Artificial Intelligence (AI) in the coming years. Krishna stated, in an interview given to Brody Ford and published on May 1st on Bloomberg News, that he could “easily see” nearly one-third of the company’s non-customer-facing roles being replaced in the next five years.

These roles amount to approximately 26,000 workers; Krishna added that he could easily see 30% of that number being replaced by AI and automation over a five-year period. Back-office employees only make up a small portion of IBM’s workforce of around 260,000 workers, and the company has continued to fill roles even after letting go of about 5,000 workers in other areas.

Arvind Krishna, Chairman and Chief Executive Officer, IBM – Photo: courtesy of IBM

According to Aljazeera, an IBM spokesperson mentioned that the company was being “very selective when filling jobs that don’t directly touch our clients or technology,” and there was no blanket hiring pause in place.

Krishna’s comments come amid the rapid advancement of AI-powered technology, which raises the possibility of significant disruption to various industries. Some analysts fear that AI could soon lead to mass layoffs, while others argue that the technology’s ability to improve productivity and complement human workers will create jobs and whole new industries.

The impact of AI is already being felt by some companies. On Tuesday (05/02/2023), the share price of Chegg, a California-based learning company, dropped by nearly 50% after its CEO Dan Rosensweig acknowledged on an earnings call that OpenAI’s ChatGPT was “having an impact on our new customer growth rate.”

Filed in Robots. Read more about , and .

Trending Products

0
Add to compare
Corsair 5000D Airflow Tempered Glass Mid-Tower ATX PC Case – Black

Corsair 5000D Airflow Tempered Glass Mid-Tower ATX PC Case – Black

$154.99
0
Add to compare
CORSAIR 7000D AIRFLOW Full-Tower ATX PC Case, Black

CORSAIR 7000D AIRFLOW Full-Tower ATX PC Case, Black

$269.99
0
Add to compare
Corsair iCUE 4000X RGB Mid-Tower ATX PC Case – White (CC-9011205-WW)

Corsair iCUE 4000X RGB Mid-Tower ATX PC Case – White (CC-9011205-WW)

$129.99
.

We will be happy to hear your thoughts

Leave a reply

BuyTrendyStuff
Logo
Register New Account
Compare items
  • Total (0)
Compare
0
Shopping cart