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IBM layoffs: Tech giant announces job cuts in marketing and communications division, says report | Mint

Mar 13, 2024 - livemint.com
IBM has announced layoffs in its marketing and communications division, according to a report by CNBC. The exact number of job cuts has not been disclosed. The news was revealed by Jonathan Adashek, IBM's chief communications officer, during a brief meeting with department employees. This follows last year's statement by CEO Arvind Krishna that the company expects to pause hiring for roles that could be replaced by AI in the future.

The company joins a list of 204 tech firms that have announced job cuts this year, affecting nearly 50,000 employees. Despite the layoffs, IBM's CFO James Kavanaugh stated in January that the company continues to hire for certain positions and expects the headcount to remain about the same by the end of the year. As of the end of 2023, IBM had approximately 288,000 employees.

Key takeaways:

  • IBM has announced layoffs in its marketing and communications division, though no specific number of cuts has been announced yet.
  • The company's CEO, Arvind Krishna, had previously stated that IBM expects to pause hiring for roles that could be replaced with AI, particularly in back-office functions.
  • IBM is among 204 tech companies that have announced job cuts this year, affecting nearly 50,000 employees across the industry.
  • Despite the layoffs, IBM's CFO, James Kavanaugh, stated that the company continues to hire for certain positions and expects the headcount to remain about the same by the end of the year.
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