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AI concept stocks hit new highs: When will the party end?
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IBM Announces Job Cuts in Marketing & Communications Division

👉 Key Highlights:
📍 IBM to reduce staff in marketing and communications
📍 Announcement made by Chief Communications Officer Jonathan Adashek
📍 Cuts part of broader tech industry layoffs
📍 IBM CEO mentioned AI upskilling for employees in December
📍 Previous job cuts announced, including 3,900 positions last year

👉 Context/Background:
📍 Shifts in workforce part of IBM's ongoing AI and digital transformation

👉 Why This Matters:
📍 Reflects broader trend of restructuring in tech sector
📍 Highlights the impact of automation and AI on job markets

👉 Market Insights:
📍 Over 200 tech companies have announced layoffs in 2023

👉 Expert Statement:
🗨️ IBM CEO Arvind Krishna in December: "Massively upskilling all of our employees on AI"
$Alphabet-A(GOOGL.US)$ $Amazon(AMZN.US)$ $Meta Platforms(META.US)$ $Unity Software(U.US)$
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