IBM IS CHANGING DEFINITIONS OF SKILLS: IS AI TO BLAME?
News by Editorial Team 08 Apr 2019
IBM reportedly dropped its employee headcount by 25%. Under, Ginni Rometty, CEO, president and chairman of IBM, the total headcount was about 350,000 which had dropped further to 225,000 under CEO Lou Gerstner tenure. In 2012, when Ginni Rometty had re-joined the firm, the company’s employee population had swelled to 450,000 people. However, it has now reduced to 350,000. Rometty cited new age technologies such as artificial intelligence as the prime reason for job cuts. Contradicting her own words, Rometty said that going ahead skills will be crucial for employee’s relevance. She pointed out that “If you have a skill that is not needed for the future and is abundant in the market and does not fit a strategy my company needs, you are not in a good square to stay inside of.”