But AI agents aren't making programmers obsolete.
The Twitter co-founder says artificial intelligence "fundamentally changes what it means to build and run a company."
La compañía de Jack Dorsey se deshace de casi la mitad de su plantilla
“A significantly smaller team, using the tools we’re building, can do more and do it better,” the Block CEO said.
The former Twitter CEO said AI was “enabling a new way of working” as his company scales back its workforce as a result of AI productivity gains.
Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits
Economists question whether such moves signal a broader shift in the labor market or simply reflect company-specific adjustments.
In cutting nearly 40% of its workforce, Block loudly professed that the days of AI taking the jobs of humans has arrived.
Block cut more than 4,000 jobs, citing efficiency gains from AI, underscoring how even AI-focused roles are vulnerable in today’s tech restructuring.