Block cut 40% of its workforce. The real story is more nuanced than "AI took their jobs."

Jack had a bloated company AND was seeing real AI productivity gains. Both are true.

The doomsday scenario where everyone loses their jobs overnight ignores physical reality. We're short watts and wafers.

But if your company tripled headcount during COVID, buckle up.

https://tftc.io/block-layoffs-ai-jack-dorsey-cuts-40-percent-workforce/