IBM CEO Arvind Krishna said in an interview with The Verge that the current wave of layoffs in the tech industry is not mainly because of artificial intelligence. Instead, he pointed to over-hiring during the pandemic as the key factor, calling the recent job cuts a "natural correction."
Krishna, who has held leadership roles at IBM since 1990, explained that many technology companies increased their staff levels rapidly between 2020 and 2023.
advertisement
He told The Verge, "But I also t
Continue Reading on India Today
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.