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The meeting of just 7 minutes shocked hundreds of thousands of people as if a bomb had been dropped on them. The atmosphere of joy and happiness suddenly turned into silence and whispers. A similar scene would have been seen in the offices of the company that had announced the latest layoffs. There have been reports of layoffs continuously for the last two years. But the way these news are coming in many places is shocking. Just now a similar news has come from IBM.
Recently there has been news of layoffs in IBM's marketing and communications teams. The company's chief communications officer, Jonathan Adashek, told employees in a meeting that lasted just seven minutes that IBM was going to make layoffs.
However, it has not been clearly stated yet how many people will lose their jobs. But according to sources, the company is reducing the number of employees in the marketing and communication department to reduce expenses.
IBM had already hinted at layoffs
Recently, IBM CEO Arvind Krishna was emphasizing on preparing employees for Artificial Intelligence (AI) business environment. He also said in December 2023 that about 30% of jobs (especially back-office ones) could disappear due to Artificial Intelligence and automation in the coming five years.
This is not the first case of layoffs in IBM. In January 2023, the company had announced the layoff of 3,900 people. Then the company's CFO James Kavanaugh had expressed the hope that by the end of 2024 the number of employees in the company will remain the same as at the beginning of the year.
50 thousand jobs lost in 3 months
Nearly 50 thousand people have lost their jobs so far this year in the technology sector alone. According to Layoffs.fyi, so far in 2024, 204 companies have laid off about 50,000 people. The decision to reduce staff in the IBM marketing and communications department is part of this larger trend.