IBM to Stop Hiring for Roles That Can Be Replaced by AI; Nearly 8,000 Workers to Be Replaced by Automation
One month ago, to much dismay and widespread denial, Goldman predicted that AI could lead to some 300 million layoffs among highly paid, non-menial workers in the US and Europe.
As Goldman chief economist Jan Hatzius put it, “using data on occupational tasks in both the US and Europe, we find that roughly two-thirds of current jobs are exposed to some degree of AI automation, and that generative AI could substitute up to one-fourth of current work.
Extrapolating our estimates globally suggests that generative AI could expose the equivalent of 300 million full-time jobs to automation” as up to “two thirds of occupations could be partially automated by AI.”
Consider that just last week, Dropbox said it would lay off 16% of the company, some 500 employees as the company sought to build out its AI division.
Now this week, IBM CEO Arvind Krishna has said the company expects to pause hiring for roles it thinks could be replaced with artificial intelligence in the coming years.
As a result, hiring in back-office functions—such as human resources—will be suspended or slowed, Krishna said in an interview. These non-customer-facing roles amount to roughly 26,000 workers, Krishna said.
“I could easily see 30% of that getting replaced by AI and automation over a five-year period.”
Source: ZeroHedge
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