Block CEO Jack Dorsey laid off nearly half his staff, about 4,000 people, because of AI, Fortune reported on February 27, and predicted that most companies would make similar changes within the next year.
Later events have partly borne out the pattern, with Intuit, Wix, Meta and Coinbase all announcing large cuts, but companies have also grown more careful about attributing cuts to AI. Block's explicitness now stands out.
Source: Fortune