Tech Layoffs Continue
IBM has hinted at an AI push being behind their new approach to productivity. Just last month, the company released a study indicating that 66% of senior leader responses claimed AI had “already driven significant productivity improvements across their organization.”
The multinational tech company is shifting heavily towards a software focus, experts say, and is hoping to benefit from increased spending on cloud-based services. However, last month, the company logged a slowdown in that exact business segment.
While IBM’s new announcement certainly isn’t the only big layoff news this year — or even this month, thanks to Amazon’s five-digit layoff announcement last week — it’s not exactly turning the tide, either. Tech workers are seeing fewer and fewer opportunities for software engineers, infrastructure architects, and many more are finding it increasingly tough to stay employed.
