IBM employees have been notified of impending job losses within its marketing and communications departments during a meeting, CNBC first reported yesterday (13 March), shedding light on the company’s ongoing workplace restructuring.
IBM’s CEO, Arvind Krishna, had previously indicated a shift towards AI-driven operations in December 2023 when he announced plans to cut 8,000 jobs in favour of AI. However, the precise extent of the current layoffs remains undisclosed.
Krishna’s vision encompasses upskilling existing employees in AI technologies, framing it as a strategic move to bolster productivity and secure a competitive edge in the market.
Despite reassurances from IBM regarding staffing levels, the implementation of AI-driven strategies suggests a significant transformation within the company’s operational structure.
This move by IBM echoes a broader trend within the tech industry, with numerous companies opting for downsizing initiatives.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
As the push for AI integration intensifies, the ripple effects on employment within the sector become increasingly apparent, with January witnessing a surge in job cuts across notable tech companies including Alphabet, Amazon, and Unity.
According to data from layoffs.fyi, over 207 tech companies have already conducted mass layoffs in 2024 resulting in around 50,000 jobs lost.
Verdict’s round-up of the biggest tech layoffs made in 2023 can be found here.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
