We are seeing the effects of disruptive technology. Chegg, an educational company, and IBM have both announced that AI will cause a change within their respective organizations.

IBM is cutting 8,000 jobs as AI takes over, primarily in the HR department. ... "Before hiring humans, we should ask if AI can do the job," illustrates the current market trends.

IBM Announces 3,900 Job Cuts. ... IBM said it would take a charge of $300 million to pay for employee severance costs. ... issues and trends shaping the worlds of business and technology.

Bloomberg has reported that among IBM’s plans for a hiring pause for certain “back-office functions,” IBM could replace approximately 7,800 jobs with AI and automation over a span of five years.

IBM: Fully Priced At 20x Earnings, Monitoring Momentum Trends (Rating Downgrade) Nov. 24, 2024 4:01 PM ET International Business Machines Corporation (IBM) Stock IBM 4 Comments Mike Zaccardi, CFA, CMT ...

IBM’s Arvind Krishna disagrees, arguing AI will assist and empower developers without taking their jobs. These opposing views amplify concerns regarding AI’s impact on the entire job market ...

IBM (IBM) ended the recent trading session at $276.24, demonstrating a +1.53% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.55%. Meanwhile, the Dow ...