Machines threaten 8,000 jobs at IBM

According to Arvind Krishna, the CEO of International Business Machines Corp. (IBM), the company anticipates putting a hold on recruitment for positions that they believe may be supplanted by artificial intelligence in the near future.

In an interview, International Business Machines Corp. Chief Executive Officer Arvind Krishna announced that the company will halt or slow hiring for back-office functions, including human resources, in an effort to replace those roles with artificial intelligence over the next five years.

These non-customer-facing roles amount to about 26,000 workers, and Krishna predicts that 30% of those jobs could be replaced by AI and automation, leading to a loss of around 7,800 jobs, Bloomberg reported.

"IBM to Pause Hiring for Jobs That AI Could Do"
READ MORE: https://finance.yahoo.com/news/ibm-pause-hiring-jobs-ai-210803005.html

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