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.

Just last week, IBM CEO Arvind Krishna had positioned himself as a rare optimist amid widespread job cuts, pledging that his company would increase hiring among recent college graduates.

“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. “I expect

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