IBM pauses hiring on some roles it believes AI could replace

• "I could easily see 30% of that getting replaced by AI and automation over a five-year period," he told the business news site.
• That could potentially impact around 7,800 jobs, according to Bloomberg, and the reductions could happen via not filling empty roles.

Why it matters: Companies across all industries are trying to determine how fast-advancing AI technologies, like ChatGPT, could affect them.

• IBM, which employs hundreds of thousands of people around the world, would be one of the biggest companies to announce a workforce strategy in response to AI.

State of play: Many tech companies are already looking for ways to cut costs.

• IBM announced job cuts earlier this year that could reach 5,000 total positions and Red Hat said last week it is cutting 4% of its jobs.

What they're saying: "IBM is being deliberate and thoughtful in our hiring with a focus on revenue-generating roles, and we’re being very selective when filling jobs that don’t directly touch our clients or technology," IBM spokesperson Tim Davidson told Axios in a statement. "We are actively hiring for thousands of positions right now."