US EditionBlock’s Job Cuts Come as Mid-Market CFOs Question AI Layoff Assumptions
Block’s cuts prompt CFOs to explore AI-driven workflow redesign and workforce protection amid concerns about morale and institutional knowledge, CFO Alliance reports.
7 Articles
7 Articles
Nearly half of the staff at the American technology company Block is being replaced by artificial intelligence. Owner Jack Dorsey,…
The company, led by Twitter founder Dorsey, announces the reduction of more than 4000 jobs. The reason for this is the change in the labour market through artificial intelligence.
US Job Cuts Surge to Highest Level Since Pandemic as AI Reshapes the Workforce
TLDR: Over 1.17 million US job cuts were announced in the past year, the highest total recorded since the COVID-19 pandemic era. The US government led all sectors with 317,000 cuts, followed by UPS at 78,000 and Amazon with 30,000 job reductions. Companies openly state that AI tools allow smaller teams to handle the same workload, replacing $150K–$200K salary roles. Analysts warn of a ghost economy where corporate output grows but household inc…
In the course of a radical reorientation, the US payment service provider Block cuts about 4000 jobs on artificial intelligence (AI). The news arrived well on the stock exchange.
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