IBM to Layoff 8,000

The International Business Machines Corporation is the largest industrial research organization in the world, specializing in computer hardware, middleware, and software solutions. IBM was founded in 1911 and is headquartered in Armonk, New York.

According to reports, IBM has announced plans to lay off 8,000 employees in the marketing and communications divisions over a 5-year period. This is a restructuring plan aimed at focusing on AI and other emerging technologies. The company claims that AI technology has the ability to free up thousands of hours of labor-intensive tasks in a shorter time frame.