Recently, Jonathan Adashek, IBM‘s chief communications officer, announced the corporation would lay off 8,000 employees in the marketing and communications sector.
In December, IBM CEO Arvind Krishna told CNBC that the company was “massively training all employees in AI”, following the announcement of a plan to replace nearly 8,000 jobs with artificial intelligence. In January, the global giant stated it was eliminating 3,900 positions.
Technology companies are axing many employees
The latest layoffs come alongside another round of job cuts in the tech industry. So far this year, around 204 technology companies have laid off almost 50,000 employees. January was the busiest month for layoffs, with Alphabet, Amazon and Uniti all announcing layoffs.
IBM has returned to growth in the past few years, but expansion remains sluggish. Revenues in the fourth quarter increased by four per cent compared to a year earlier. The company has been wanting to jump on the AI bandwagon, which has skyrocketed since OpenAI released ChatGPT. In May, IBM announced WatsonX, a development studio for companies to “train, deploy and apply” machine learning models.
Microsoft, Google, Amazon and others have similar offerings, but IBM has long been considered a slow starter in the artificial intelligence race.
Source: Media Marketing
