Zeptaa

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

8mo ago

AITookMyJob

Startup8mo

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.

Zeptaa

Google8mo

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

AITookMyJob

Startup8mo

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.

DaringTrain

Stealth8mo

Did someone actually care to read the article?

DaringTrain

Stealth8mo

It says 80% of the reduction target will get fulfilled from these functions. Not that these functions will see 80% reduction. in headcount.

FunnyBones

Plivo8mo

Thx saved a click

3xPlusOne

Google8mo

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

Zeptaa

Google8mo

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. 😧

3xPlusOne

Google8mo

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.

Qwerty2398

Stealth8mo

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?

Zeptaa

Google8mo

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.

Qwerty2398

Stealth8mo

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.