"IBM's Workforce Reductions Signal Emphasis on AI Technology"

IBM has begun layoffs in its marketing and communications division as part of a workforce rebalancing effort driven by increased productivity and a focus on skills in demand, particularly in AI and hybrid cloud. The company had previously indicated a workforce reduction in its fiscal fourth-quarter financial results, and CEO Arvind Krishna has stated that IBM is upskilling employees on AI while replacing jobs with AI. This move comes amid a trend of tech companies, including Google, Amazon, Salesforce, and eBay, making significant job cuts this year.