WigglyRaccoon

IBM planning 80% layoffs

All of our fears about AI was correct!

They will take our jobs, they will overtake the world & will finally turn against us.

https://www.peoplematters.in/news/talent-management/ibm-asks-employees-to-volunteer-for-layoffs-targets-80-cuts-in-key-departments-including-hr-40430 IBM asks employees to volunteer for layoffs, targets 80% cuts in key departments, including HR

13mo ago

Talking product sense with Ridhi

9 min AI interview5 questions

MagicalQuokka

Stealth13mo

Nobody believed me when I started talking about this. But now I have had many credible management people come back and state their findings that a lot of layoffs could be in anticipation of AI capabilities improving rapidly in the future.

AI hegemony over jobs is inevitable. The other folks sleeping should find the courage to open their eyes and see the writing on the wall.

WigglyRaccoon

Google13mo

What should a common guy do? Find alternative ways to earn $?

MagicalQuokka

Stealth13mo

In the short term, yes. Accumulate as much wealth and resources that you can.

In the longer term, the value of resources will eventually change and large scale civil unrest is inevitable. Currency might not remain useful. Resources like food, water, shelter and community will always remain valuable. So either build or join a local community of like-minded people to ensure your pooled resources are protected. I have a lot of other arguments, rationale and tips to share that might need a separate post.

FloatingMuffin

Google13mo

Lol , there's no way they could layoff 80% without destroying their profit centers. Even if AI somehow could take over all the IC roles, the top management need ICs to justify their own employment

WigglyRaccoon

Google13mo

Well I think you haven’t looked inside our Recruiting team. You know we have laid-off most recruiters & technical sourcing, although right now 3party temp are working but soon all resume indexing, screening, interview slot will be done by Gemini Pro. 😧

FloatingMuffin

Google13mo

Cost centers like HR might be an exception as they don't generate income. If this 80% layoffs is meant for the total workforce, it's different. Profit centers like Search or Cloud wouldn't want to get rid 80% because managers , VPs need manpower to show impact. If all of sudden there are only 20% people left, then how can they justify their "management" roles.

CosmicLlama

Freelancer13mo

These comments are made by management to show the world that they are also working on AI.
Predictions made by suits hold no water. If AI is worth so much they say, it would have been adopted by defence way before it came civilian. If defence ilhas not adopted it, we have no reason to worry.
This is just the Y2k of this decade.
If he said AI will replace 100 jobs , it won't make it to news. So, he come up with such numbers.
So according to him, each department in IBM will have a janitor, who will come in the morning open the office and switch on the server/AI. End of day AI would have made million dollars and he would switch the lights and go home. So there will be 100janiotrs and 21 board members. Ibm will make the billion dollars. What nonsense?

WigglyRaccoon

Google13mo

We also rejected the rumours of layoffs at G when a birdy said in internal channels.

Look where are we now; AI is a serious threat to everyone’s job. You can continue to deny if you like; but in next 18-24 months there will a significant force already reduced in all orgs.

CosmicLlama

Freelancer13mo

The kind of hiring that happened in 20-21 is the reason for the layoffs. There is not much fall in profits. The excess hiring and their unreasonable pay are being rationalised.
2 years back they said the same about web3. Mgmt loves recession. It's keeps employees in check.

GroovyPretzel

PhonePe13mo

Are they also doing cuts in India? Or is it Europe only for now? Can someone confirm?

WigglyRaccoon

Google13mo

Only time will tell; but seems like it will be global impact.

FuzzyNoodle

BYJU'S13mo

If something like that happens where the 90% are not needed then it will be the end of the road for everyone. As if the rich can escape unscathed.

ZippyWalrus

LTIMindtree6mo

Are you serious?

SparklyBiscuit

Stealth12mo

IBM has been doing this for ages. They will fire 1000 this month and hire 2000 a few months later.

SnoozyWalrus

Razorpay13mo

Just one bloody supermajority by U.S Senate in Democrats favour, all big tech will be broken up. The key to world peace lies in American Voters. Everybody seems to hate big tech