IBM CEO Arvind Krishna has stated that the company is looking into replacing around 30 percent of the workforce with AI. Along with this, the CEO has shared that IBM would be pausing its hiring for a while amid mass layoffs and advancing technology.
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International Business Machines Corp, IBM has announced it is considering replacing around 7,800 jobs with AI. IBM Chief Executive Officer Arvind Krishna has stated that the company will be carrying out a hiring freeze for roles they think can be assigned to AI bots.
Fears of Artificial Intelligence have been heightened ever since the launch of ChatGPT and its various versions. As per a Bloomberg, IBM CEO has stated that hiring for back office functions such as HR will be slowed down.
Speaking in an interview, Arvind Krishna further stated that he sees around 30 percent of the workforce being replaced by artificial intelligence and automation over the next five years.