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Memo outlines strict hiring rules for Healey administration

IBM Eyes Hiring Pause Because AI Does the Job

In an interview with Bloomberg on Monday, Arvind Krishna said that his company would enact a pause in hiring in those roles, and potentially reduce the payroll by 7,800 jobs over several years.

IBM to Halt Hiring as AI Could Replace 7,800 Jobs, CEO Warns

IBM CEO Arvind Krishna has stated that the company expects to pause hiring in some roles as AI and automations are set to replace around 30% of non-customer-facing jobs in the next five years. Back-office functions like HR are expected to be particularly impacted. This development comes amid a growing interest in AI and automation, as evidenced by Microsoft-backed OpenAI's recent chatbot launch.

IBM Halts Hiring for 7,800 Jobs That Could Be Replaced by AI: Report

CEO Arvind Krishna told the outlet that 30% of back-office roles, such as human resources, will be replaced over the next five years.

Stocks Lower With Fed In Sight, Debt Ceiling Warning, Ford And Starbucks Report, IBM AI Job Plans - Five Things To Know

Stocks Lower With Fed In Sight, Debt Ceiling Warning, Ford And Starbucks Report, IBM AI Job Plans - Five Things To Know
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