Two Sharp with ET | IBM lays off 8,000 in AI reset, Sensex falls 625 pts as IT & Financials drag

In this episode of Two Sharp with ET, Nisha Poddar unpacks two major global shifts: IBM’s AI Reset: The tech giant is cutting 8,000 jobs — not to save money, but to rewire itself for an AI-first future. HR roles are being automated, and other major tech companies, such as Meta, Google, Amazon, and Salesforce, are following suit. Across sectors — from logistics to fashion — companies are reconfiguring for a new era of automation, trade friction, and economic uncertainty. Additionally, Indian markets suffered a sharp decline, with the Sensex down 625 points and the Nifty losing 175 points. We break down the top 5 reasons behind the fall, from profit booking and underwhelming earnings to weak global cues and a disappointing RBI dividend.