IBM to Cut Thousands of Workers Amid A.I. Boom

IBM, the renowned technology company, has announced plans to reduce its workforce by thousands of employees as it shifts its focus towards higher-growth businesses, including artificial intelligence (AI) consulting and software. The company's decision comes amid the ongoing AI boom, which has led to increased demand for AI-related services and solutions. IBM aims to realign its operations to better capitalize on these emerging opportunities, streamlining its workforce to allocate resources more efficiently. The exact number of job cuts has not been disclosed, but the move is expected to impact a significant portion of IBM's global workforce. The company has stated that the restructuring will enable it to invest in areas with greater growth potential, such as AI, cloud computing, and enterprise software. While the job cuts may be challenging for affected employees, IBM believes the changes will position the company for long-term success and better align its operations with the rapidly evolving technology landscape.