IBM to pause hiring in plan to replace 7,800 jobs with AI - Bloomberg News (http://yahoo.com) – 5/1/23

International Business Machines Corp expects to pause hiring for roles as roughly 7,800 jobs could be replaced by Artificial Intelligence (AI) in the coming years, CEO Arvind Krishna told Bloomberg News on Monday.

Hiring specifically in back-office functions such as human resources will be suspended or slowed, Krishna said, adding that 30% of non-customer-facing roles could be replaced by AI and automations in five years.

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Discussion

How it starts

If ones model of the world exists from the existing monetary system and thinking that “governments got this”…they’re going to be very surprised by what’s coming.

#Bitcoin.

As a high school Economics teacher it's so disturbing to know/see how so many trad fi 1st principles are flawed or inherently so unequal or risky. 😳

Watching the central bankers gaslighting job feels surreal. They dont educate or explain... its just a full court press PR propaganda job. 😲

The even deeper point to consider is what tools will they use to maintain control?

Debt jubilees, international lending circles, and fiat systems collapsing and restructuring are what we've seen.

What's next? How ugly does it get.

Maybe not as much when so many seem willing to try and fit bitcoin and crypto into the existing system.

I have to say. I really don’t feel bad for the HR people.