Get all your news in one place.
100's of premium titles.
One app.
Start reading
Fortune
Fortune
Preston Fore

IBM's CEO admits Gen Z's hiring nightmare is real—but after promising to hire more grads, he’s laying off thousands of workers

Arvind Krishna (Credit: Stefan Wermuth/Bloomberg via Getty Images)

Layoffs are sweeping the corporate world as companies restructure around AI and automation. From Amazon to Target, major employers are slashing thousands of jobs as they race to restructure around automation and efficiency.

On Tuesday, IBM became the latest company to announce it would cut thousands of workers by the end of the year as it shifts focus to high-growth software and AI areas. And for Gen Z the news might hit especially hard.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.