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IBM Plans To Replace Nearly 8,000 Jobs With AI — These Jobs Are First to Go
Yahoo Finance ^ | Jeannine Mancini

Posted on 05/06/2023 7:34:53 AM PDT by CFW

IBM CEO Arvind Krishna announced a hiring pause, but that’s not all. He also stated the company plans to replace nearly 8,000 jobs with AI.

Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes.

The transition will happen gradually over the next few years, with machines potentially taking over up to 30% of noncustomer-facing roles in the five years. This means that workers in finance, accounting, HR and other areas will likely find themselves facing stiff competition from robots and algorithms.

The decision highlights the increasing reliance on automation and artificial intelligence across various sectors and the potential impact on the workforce.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; Culture/Society; Extended News; Front Page News; Miscellaneous
KEYWORDS: ai; aijobs; arvindkrishna; economy; hr; ibm; replacements; terminator; wokeprogrammers
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To: FlingWingFlyer

“They all say they need to make at least $120,000 per year with lots of time off to go hiking to be “comfortable.” ROTFL”


ROTFL indeed. I guess that $120,000 per year is the new $60,000 which was solidly middle class just a few years ago.

I never considered whether I would have time off to go hiking when considering whether or not to take a job. I actually thought little as to sick and leave time when first entering the job market, although it was somewhere on my list of things to consider. I was lucky in that in the job I retired from, I had two weeks vacation per year, one sick day per month (that I seldom used) and credited one leave day every six weeks or so (that I also seldom used).

For entry level jobs, employees should concentrate on arriving at work on time and doing the best job possible with a cheerful attitude. Pay wages increases and promotions will usually naturally follow. However, if they don’t you will have gained experience and a reputation of being responsible and can soon look to change jobs to one which recognizes your contributions and abilities.

The above used to be common sense and imparted to children by the parents and teachers. Now, kids are taught that they are owed all they want just because they exist.


41 posted on 05/06/2023 9:21:14 AM PDT by CFW (old and retired)
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To: CFW

Biden Taps Kamala Harris To Counteract Rise Of Intelligence.
- Babylon Bee


42 posted on 05/06/2023 9:22:21 AM PDT by DannyTN
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To: CFW

The irony here. IBM really starting the tech industry, and then the tech industry kicking humanoids to the curb.


43 posted on 05/06/2023 9:22:49 AM PDT by MayflowerMadam (Worrying doesn't take away tomorrow's troubles. It takes away today's peace.)
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To: isthisnickcool

Same. I use it to write all sorts of agreements from contractor’s agreements to simple purchase agreements. It has dramatically reduced my legal spend so far in ‘23.


44 posted on 05/06/2023 9:22:50 AM PDT by Levy78 (Reject modernity, embrace tradition. )
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kvmyc49u


45 posted on 05/06/2023 9:23:16 AM PDT by Jet Jaguar
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To: no-s
Have you checked out autoGPT? It's adaptable to your own data (at least that's what it says).
46 posted on 05/06/2023 9:31:43 AM PDT by RoosterRedux (Bonhoeffer: “Silence in the face of evil is evil. Not to speak is to speak. Not to act is to act.”)
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To: Redcitizen

You rearranged them to spell D.E.I.


47 posted on 05/06/2023 9:36:39 AM PDT by Sawdring
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To: Doctor Congo

“The human resources (HR) sector will be replaced by non-humans. Sounds ominous.”

Imagine the following:
1. Show up for an interview. The guard tells you to go to Room 3. In it is a keyboard and computer screen...and then the interview starts.
2. 10 seconds later, you’re given an offer (or rejection).
3. Assuming you take the offer, you go back to Room 3 to answer intake questions from that screen.
4. Then report to your team, and other than the guard, you finally see and meet people.


48 posted on 05/06/2023 9:42:18 AM PDT by BobL
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To: CFW

Bloated HR and DIE departments.


49 posted on 05/06/2023 9:45:24 AM PDT by KC_Conspirator
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To: CFW

Arvind Krishna
I’d bet that none of their thousands of imported employees will not be affected...


50 posted on 05/06/2023 10:50:33 AM PDT by SuperLuminal (Where is the next Sam Adams when we so desperately need him)
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To: CFW

Thanks for the response. I agree 100%. These Millies and Zeros are in for a rude awakening.


51 posted on 05/06/2023 11:20:02 AM PDT by FlingWingFlyer (We didn't have all this violence when we had God in our schools and AMERICA WAS GREAT!)
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To: RoosterRedux
"Systems are already being created for doctors, lawyers, tax accountants/lawyers wherein their entire respective systems of knowledge (medical textbooks, journals, research papers, legal codes, case law, tax law) can be consumed by AI and returned to them by asking simple questions."

Agree on recursive AI, disagree on robustness of AI-derived 'professional' product -- my experience so far has been, you have to be an expert to spot the AI mistakes/hallucinations, which eliminates the productivity gains.

52 posted on 05/06/2023 11:38:09 AM PDT by StAnDeliver (Tanned, rested, and ready.)
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To: CFW

BIG MISTAKE.


53 posted on 05/06/2023 12:39:12 PM PDT by NeverTyranny
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To: Rurudyne

AI . . . the ultimate form of tyranny.


54 posted on 05/06/2023 12:40:42 PM PDT by NeverTyranny
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To: bankwalker

> Knowing how to code and logical reasoning are as different as education and intelligence...

well, I’d say it might be more accurate to frame it around the distinction of reading code vs logical reasoning. But logical reasoning is a learned skill, whereas intelligence is innate. There’s no doubt what we’re getting from AI these days manifests a useful form of reasoning which can be applied to real problems...


55 posted on 05/06/2023 1:02:20 PM PDT by no-s (Jabonera, urna, jurado, cartucho ... ya sabes cómo va...)
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To: Doctor Congo
The human resources (HR) sector will be replaced by non-humans. Sounds ominous.

In most places I've worked, HR is where the most useless and leftist people in the entire company congregate. No one will miss them.

56 posted on 05/06/2023 1:07:04 PM PDT by zeugma (Stop deluding yourself that America is still a free country.)
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To: zeugma

Replacing soulless machines that eat with soulless machines that don’t eat. Sounds feasible.


57 posted on 05/06/2023 1:20:21 PM PDT by umbagi (Patriotism is supporting your country all the time and your government when it deserves it. [Twain])
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To: RoosterRedux

I am way past trading in individual stock. At my age in 80’s the last thing I want is more profits along with risks. I am now strictly into trading SP500 index funds coz those will be the last to go belly up.


58 posted on 05/06/2023 1:44:51 PM PDT by entropy12 (Food is most popular anxiety drug, exercise is the least popular.)
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To: entropy12
I don't disagree with that approach. You might want to look into some QQQ to add to your mix.

I used to buy ETFs (QQQ) and did very well over a long period of time. All I do now is pick the best stocks from QQQ and ditch the poor performers. There are consumer staple companies, utilities, and industrials in QQQ that I'd just as soon not own because their future just isn't very bright.

59 posted on 05/06/2023 2:27:15 PM PDT by RoosterRedux (Bonhoeffer: “Silence in the face of evil is evil. Not to speak is to speak. Not to act is to act.”)
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To: CFW

AI is a buzzword to lay off people to what the managers think will save a company money.
The last company I worked for had the HR dept change back in 2018. All quit all of a sudden and were replaced by it turns out temps and they were scheduled to be replaced by a 3rd party company during the illegal locked down.
Several other depts had big layoffs of long time employees.
I bet these managers figure they save 10% and get a big bonus then some years later everything goes back the way it was before as having your company working with 3rd party companies to get company functions done is too cumbersome and costs money in the long run.


60 posted on 05/06/2023 2:45:58 PM PDT by minnesota_bound (Need more money to buy everything now)
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