IBM CEO Suggests 7,800 Jobs At The Company Could Be Replaced By AI Within Years
The IBM boss noted he could "easily" see 30% of these positions substituted by AI over five years. IBM hires 282,000 employees globally, according to LinkedIn, and Bloomberg reports it has around 26,000 non-customer-facing staff ¡ª meaning roughly 7,800 jobs could be passed over to AI.
IBM CEO Arvind Krishna clarified in a May 1 discussion with a media outlet that numerous "back-office" roles, like human resources and accounting departments, will probably be the first to be automated by AI.
7,800 jobs likely to be taken over by AI
As per the Bloomberg interview, the IBM boss noted he could "easily" see 30% of these positions substituted by AI over five years.
IBM CEO Arvind Krishna
IBM hires 282,000 employees globally, according to LinkedIn, and Bloomberg reports it has around 26,000 non-customer-facing staff ¡ª meaning roughly 7,800 jobs could be passed over to AI.
Fears over AI intensified since ChatGPT launch
Apprehensions over Artificial Intelligence have been amplified ever since the launch of ChatGPT and its various versions. The rise of AI to do tasks such as e-customer service, writing text, and generating code has resulted in many voicing their concerns regarding the impact AI's takeover could have on the labour market.
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Many industry pundits remain at crossroads on whether AI can potentially leave humans without work on a mass scale.
One of biggest strategies
The IBM Chief Executive's statement to consider using AI for previously human roles could be one of the most prominent strategies announced in response to technological advancement.
Krishna has further stated that mundane tasks such as employment verification letters would be replaced by AI and be fully automated. However, humans would continue to do HR functions such as evaluating workforce composition and productivity.
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According to some reports, AI-based automation has helped IBM save over $1 billion in business expenses and maintenance costs.
IBM is currently offering software development and customer roles amidst the slowdown in hiring for back-office functions
Amid the CEO's statement to replace jobs with AI, IBM layoffs were also announced. This round of layoffs is expected to impact around 5,000 employees.
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Kumar Debvrat is a copyeditor at Indiatimes, combining trending topics in India with unique human-interest stories. He has a keen eye for detail and a passion for storytelling, enjoying both cricket and comic book movies.
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