By TOI Tech Desk
Publication Date: 2025-12-02 14:22:00
IBM CEO Arvind Krishna has refuted the narrative that the current wave of mass layoffs across the tech industry is primarily due to the artificial intelligence (AI) technology, arguing that the job cuts are largely a “natural correction” following over-hiring during the pandemic years. Krishna, however, acknowledged that AI will eventually lead to some job displacement, but suggested that many companies are currently laying off staff because they overhired between 2020 and 2023.In an interview with The Verge, Krishna used strong terms to describe the rapid staffing increases across the industry during the lockdown era.“If you look at the total employment numbers, I think people gorged on employment… during the pandemic and the year after,” Krishna explained. He noted that some companies saw their employee count spike by “30, 40, 50, 100 percent” from 2020 to 2023.“There is going to be some natural correction. Business is never completely optimized. I think in engineering…
