IBM intends to use AI to replace over 8,000 jobs

The hiring freeze was not the only thing IBM CEO Arvind Krishna announced earlier this month. He added that the business intended to use Artificial intelligence to replace about 8,000 positions.

Machines may replace up to 30% of non-customer-facing positions in the next five years, As a result of the gradual shift that will take place over the next few years. This implies that employees in the financial, accounting, human resources, and other sectors will undoubtedly face intense competition from machines and algorithms.

Numerous sectors continue to embrace automation and AI more and more, which raises questions about how this will affect the workforce. This choice is a startling reminder of how much we rely on these technologies.

This isn’t the first time IBM has made news for laying off employees. IBM said earlier this year that it would be shedding 3,900 positions, demonstrating a massive trend toward automation and cost-saving methods in the computer business.

Artificial intelligence is quickly altering the workforce and is expected to boost the global economy by $16 trillion by 2030.

The writing has been on the wall for a while, with specialists warning for decades about Artificial intelligence’s potential to replace human employment. Policymakers have taken notice of this tendency, as demonstrated by a December White House study. According to the report, it is “inevitable” that certain workers will be replaced by AI.

The threat of widespread automation remains big, according to a new analysis by Goldman Sachs experts, who estimate that the new wave of AI technology might damage up to 300 million full-time employees worldwide. According to the paper, machines may replace 18% of all jobs globally, with the most sophisticated economies bearing the brunt of the impact.

IBM Long (Buy)
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