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Rumors are circulating that FAANG companies may see layoffs of around 25% between March 17–20. Right after Jack Dorsey’s Block announced it was cutting roughly 40–50% of its workforce to become an AI-native “intelligence-first” company, its stock surged sharply. A growing company slashing headcount—yet welcomed by the market—sends a clear message: AI is already proving it can deliver far more value with far fewer people. This isn’t just cost-cutting; it’s the first strong evidence that AI is fundamentally redefining knowledge work productivity. In the short term, expect higher volatility in tech. Longer term, AI-native companies will see massive re-rating of their valuations, likely leading to a powerful bull run. The market will increasingly judge companies by one metric: how fast, how lean, and how powerfully they run on AI. The key takeaway is simple. Employees must stop being “users of AI tools” and start becoming “intelligence-augmented humans” who work alongside AI. For companies and individuals alike, scale matters less now than intelligence density. Investors: focus on AI infrastructure, agent platforms, and automation. Professionals: make AI handle at least 30% of your current workload—starting today. That’s your transition to being intelligence-native. There’s no need to fear this. This is simply the fastest productivity explosion in human history beginning. The moment when growth and headcount reduction coexist is exactly when the real winners emerge. In the AI era, what will your choice be? #AIEra #BlockLayoffs #IntelligenceNative #TechLayoffs #JackDorsey
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Ok, so the current trending layoff story of 4,000 job cuts owing to intelligence needs to be critically examined. This had been coming for quite some time. I know people who moved out of the company last year itself, knowing that this was going to happen because thousands on the payroll were literally doing nothing. And nope, not because of AI. There were just too many people, like the Twitter days before @elonmusk took over. But yes, he was definitely pushing his staff intensively to adopt their AI platform, Goose from last yr. So, trimming, upskilling.. Things will be interesting here on. #BlockLayoffs #goose
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Jack Dorsey just cut 4,000 jobs at Block—40% of the company—and said "most companies will do the same within a year." Stock jumped 27% in after-hours. The market rewards AI layoffs now. This is the new playbook whether we like it or not. #AI #BlockLayoffs #TechNews
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3 Oct 2023
$SQ layoffs. Couldn’t find any articles but employees are posting on LinkedIn under #BlockLayoffs. On one hand, it’s bad, on the other hand, the company is trying to cut expenses which should, hopefully, lead to some earnings
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