bc_lmgg

Did you know that Jack Dorsey’s company, Block, just cut nearly half of its staff? It is currently the biggest trending topic in tech because they aren’t doing it because they are losing money—in fact, they actually made over $6 billion last quarter. Instead, they are moving from 10,000 employees down to just 6,000 because they believe Artificial Intelligence can now do the work that thousands of people used to do. It is a massive reality check for the whole industry. Even though it is a sad day for the workers, the stock market actually loved the news and the company’s share price jumped 25% because investors think it makes the business more "efficient." This really shows that in 2026, AI isn't just a fun tool anymore; it is becoming the main engine for how big companies run. We will likely see many more of these "AI resets" soon as other businesses try to copy this move to save money. Do you think it is fair for a company to replace thousands of people with AI while they are still making a profit, or do you think this is taking "efficiency" a step too far? #BlockAILayoffs