IBM CEO Arvind Krishna, in an interview with Bloomberg, said that the company is no longer planning to hire jobs that can be automated using artificial intelligence tools, impacting around 7,800 jobs.
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Although Apple is yet to conduct major layoffs (unlike its other big tech counterparts), it is enacting certain cost-cutting measures such as delaying some bonuses and slowing down hiring.
Electric car maker Tesla is apparently looking to do another wave of layoffs in the next quarter, according to a recent news report. The company also shed its headcount back in June of this year.
Meta has announced that it will be laying off more than 11,000 of its employees. The mass layoffs are part of the company's transition to become a leaner and more efficient company.
