Dorsey predicts mass AI-driven layoffs across tech industry

Layoff announcements are reading more like AI-era manifestos

Atlassian CEO Mike Cannon-Brookes (left) and Block CEO Jack Dorsey have written memos announcing layoffs and explaining their visions for their respective companies.Kevin Dietsch/Getty Images; JoeRaedle/Getty ImagesCEOs Jack Dorsey and Mike Cannon-Brookes have recently announced layoffs via public memos.Both memos emphasized tech advancements and suggested the companies were entering a new era of work.The tech leaders have stressed AI's impact o…

Dorsey predicts mass AI-driven layoffs across tech industry

Quick Read Block (XYZ) cut its workforce by 40% to 6,000 employees while reporting Q4 gross profit of $2.87B, up 26% year-over-year, betting that AI tools enable smaller teams to outperform larger ones. Salesforce (CRM) closed 3,000 paying Agentforce customers in Q4 and frames AI as workforce augmentation rather than replacement, though the stock is down 27% year-to-date. Meta (META) is guiding for $115-135B in 2026 CapEx while concentrating ta…