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AI-related job news / layoffs
Posted on 2/27/26 at 4:54 am
Posted on 2/27/26 at 4:54 am
Woke up to this headline on CNBC:
Block laying off 40% of workforce due to AI
Block laying off 40% of workforce due to AI
quote:
Block said Thursday it’s laying off more than 4,000 employees, or about half of its head count.
“Today we shared a difficult decision with our team,” Jack Dorsey, Block’s co-founder and CEO, wrote in a letter to shareholders. “We’re reducing Block by nearly half, from over 10,000 people to just under 6,000, which means that over 4,000 people are being asked to leave or entering into consultation.”
Block CFO Amrita Ahuja said the job cuts will position the company “for our next phase of long term growth.”
“We are choosing to shift how we operate at a time when our business is accelerating and we see an opportunity to move faster with smaller, highly talented teams using AI to automate more work,” Ahuja wrote.
Dorsey said he expects other companies to similarly overhaul their workforces as they see more efficiency gains from “intelligence tools.”
“Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes,” Dorsey said. “I’d rather get there honestly and on our own terms than be forced into it reactively.”
Other companies like Pinterest, CrowdStrike and Chegg have recently announced job cuts and directly attributed the layoffs to AI reshaping their workforces.
In an X post, Dorsey said he was faced with the choice of laying off staffers over several months or years “as this shift plays out,” or to “act on it now.”
“I chose the latter,” Dorsey wrote. “Repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead.”
17
Posted on 2/27/26 at 4:59 am to TulsaSooner78
More to come…
Posted on 2/27/26 at 5:24 am to TulsaSooner78
It’s going to be a reality for many companies. We started using AI to assist our dev teams 6 months ago. I just downsized our dev team by half. A project that would take a dev 6 weeks to do can now be done in 6 days.
Posted on 2/27/26 at 5:40 am to TulsaSooner78
Posted on 2/27/26 at 5:55 am to TulsaSooner78
Universal Basic Income is going to rear its ugly head again
I would be interested to see what the unemployment rates will look like in the fall
I would be interested to see what the unemployment rates will look like in the fall
This post was edited on 2/27/26 at 5:56 am
Posted on 2/27/26 at 5:57 am to The Egg
UBI would be a disaster. Our economy is not built to handle millions of layoffs. They had to inject trillions in 2020 just to stave off the effect of two months of people not working.
Posted on 2/27/26 at 6:30 am to NIH
Completely agree but I don't know how you supplement for lost entry and mid level jobs that seem to be coming
Posted on 2/27/26 at 6:33 am to TulsaSooner78
China has cities all 100% AI. We have shitholes democrats ruined and amtrack.
In the videos of AI ran cities no one shows the jobs that the Chinese go to or how long the jobs are sustainable.
In the videos of AI ran cities no one shows the jobs that the Chinese go to or how long the jobs are sustainable.
Posted on 2/27/26 at 6:52 am to The Egg
Either these tech gurus are full of shite or congress should be hauling in them to explain how this nation functions with millions of jobs being rendered obsolete.
Posted on 2/27/26 at 6:56 am to TulsaSooner78
quote:
Block CFO Amrita Ahuja
I’m curious if they too have a center in India that will be taking some of the work. It’s the new trend.
Posted on 2/27/26 at 7:00 am to TulsaSooner78
quote:
“Repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead.”
As opposed to cutting nearly HALF the company in 1 swoop?
Posted on 2/27/26 at 7:00 am to NIH
quote:
Either these tech gurus are full of shite or congress should be hauling in them to explain how this nation functions with millions of jobs being rendered obsolete.
I doubt they're FOS but most of them are honest enough to say that they're all guessing to an extent because this is just unknown territory. And I don't know what congress could do about it. If you told them to "stop the internet" 30 years ago all they'd have done was delay it for the US and put us at a disadvantage.
This is coming and we're all just along for the ride for better or worse.
Posted on 2/27/26 at 7:01 am to Flats
A disadvantage for what? Laying off more citizens?
Posted on 2/27/26 at 7:06 am to NIH
quote:
A disadvantage for what?
In the example the disadvantage would be everything internet related. It still would have developed elsewhere and we'd just be behind the rest of the world. This presents the same problem; it's not going to be stopped. Congress might could strangle its development within our borders but that's all they could do and I doubt they could do that.
I'm not saying it's a good thing. I may be fine but I don't want to see tons of people lose their jobs, and that's going to happen. If there's any sort of solution it damn sure isn't going to originate with the insulated, spoiled shits that run this country.
Posted on 2/27/26 at 7:06 am to TigerV
quote:
I’m curious if they too have a center in India that will be taking some of the work. It’s the new trend.
New?
Posted on 2/27/26 at 7:07 am to NIH
Terrible time to be going into tech. As another poster said, we won't be filling our high level developer job ever again. A cheap analyst and ChatGPT are running circles around what that level of worker has done for me.
Posted on 2/27/26 at 7:08 am to The Egg
quote:
Universal Basic Income is going to rear its ugly head again
It’s why I laughed when someone on here said the Dems are dead: come talk to me in 5 years after 25-40% of white collar workers are unemployed in 10 years and we’ll see how dead the socialists are.
Posted on 2/27/26 at 7:10 am to Flats
We don’t govern anymore so I agree with that. People thinking tech leaders benevolently will provide sufficient UBI are kidding themselves.
Posted on 2/27/26 at 7:11 am to saints5021
quote:
A cheap analyst and ChatGPT are running circles around what that level of worker has done for me.
The smooth brains will call you greedy, but this is already reality in the coding world and it's coming for other areas.
And it's not as if your choice is "use AI and get a bigger boat or use an employee and stick with the 30 footer", it's "use AI or get put out of business by competitors that use AI".
Posted on 2/27/26 at 7:13 am to NIH
quote:
explain how this nation functions with millions of jobs being rendered obsolete.
ChatGPT is currently being trained to shop at retail stores and buy a house.
If citizens can’t find gainful employment, they can’t participate in the economy. Everything collapses. Mass layoffs and prolonged unemployment will push the country toward socialism faster than any politician or influencer could.
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