Posted 3/12/2024, 10:34:00 PM
IBM to Cut 3,900 Jobs, Mostly in Marketing, As Tech Layoffs Continue
- IBM announced plans to lay off 1.5% of its global workforce, about 3,900 jobs, as it shifts focus to AI and other high-growth areas
- Cuts targeted marketing and communications division in particular
- Part of nearly 50,000 tech layoffs in early 2023 from companies like Google, Microsoft, Amazon
- IBM CEO said up to 8,000 back-office roles could be replaced by AI in next 5 years
- IBM statement cites increased productivity and realigning workforce to be more focused on AI and hybrid cloud