US EditionArvind Krishna on Tech Layoffs: IBM CEO Reveals
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Arvind Krishna on Tech Layoffs: IBM CEO Reveals
In an interview with The Verge, IBM CEO Arvind Krishna stated that artificial intelligence is not the primary reason for the current wave of layoffs in the tech sector. Rather, he attributed the latest job losses to a "natural correction" and blamed the pandemic's overhiring.According to Krishna, who has been in executive positions at IBM since 1990, several tech companies had a sharp growth in workers between 2020 and 2023. He told The Verge th…
IBM CEO: Tech Layoffs Are a Correction, Not an AI Takeover
IBM CEO Arvind Krishna says the recent wave of tech layoffs is being misunderstood as an impact of artificial intelligence, when in reality, it is mostly a correction after years of over-hiring during the pandemic. In an interview with The Verge, Krishna explained that from 2020 to 2023, technology companies significantly increased their workforce—sometimes by as much as 50% to 100%—to match the rapid growth in digital demand. As market conditio…
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