Home / Business and Economy / IBM CEO Vows to Hire More College Grads Despite Looming Layoffs
IBM CEO Vows to Hire More College Grads Despite Looming Layoffs
6 Nov
Summary
- IBM to lay off thousands of employees globally
- CEO says company will hire more college graduates in next 12 months
- Automation to lead to some job reductions, but "net mix is a plus"
In a surprising move, IBM has announced that it will be laying off thousands of employees from its global workforce in the fourth quarter of 2025. However, the company's CEO, Arvind Krishna, has struck a different tone, stating that IBM will continue to hire more college graduates over the next 12 months.
"People are talking about either layoffs or freezing hiring, but I actually want to say that we are the opposite," Krishna told CNN last week. He acknowledged that automation would inevitably lead to some job reductions, but he believes the "net mix is a plus" for IBM as it shifts towards high-margin software and artificial intelligence services.
Krishna also shared advice for young graduates, emphasizing the importance of developing skills in AI, quantum computing, and other emerging technologies that IBM's clients are eager to deploy. "Skills of people are really important," he said, underscoring the company's commitment to investing in its workforce despite the looming layoffs.
