Billionaire Jack Dorsey slashed 4,000 tech jobs blaming AI. There were better options

Billionaire Jack Dorsey slashed 4,000 tech jobs blaming AI. There were better options

The troubling question, writes Amir Barnea, is why a highly profitable company led by a caring CEO like Dorsey jumped right to layoffs when so many other options were available

When AI Layoffs Become the New Normal: Block’s 4,000-Person Firing Just Changed Everything

Here’s the thing nobody wants to say out loud: Block just fired 4,000 people, and Wall Street threw a party. The stock popped 24% after hours. Billions in market value materialized out of thin air. And CEO Jack Dorsey didn’t apologize or blame the economy—he basically said, “AI made these jobs pointless, so we’re cutting them.” Then he added the kicker: “Most CEOs will figure this out within a year.” He’s probably right. And that’s the problem. …