Tech entrepreneur Jack Dorsey is probably best known as the former CEO and co-founder of Twitter. He is now back in the news for slashing nearly half of the staff at Block, a financial services corporation.
Dorsey sent an email to Block employees announcing more than 4,000 of them would no longer be employed at the end of the day. “Repeated rounds of cuts are destructive to morale, to focus, and to the trust that customers and shareholders place in our ability to lead,” he wrote.
It appears Dorsey, who is no newbie to technology, saw the AI-written writing on the wall for Block employees and decided to rip off the Band-Aid all at once.
Dan Schneider, of the Media Research Center, says techies at Block had no idea they were working themselves out of a job.
“The people who are designing AI are discovering that they're losing their jobs because they've designed a product that actually is replacing their own work,” he told American Family News.
The massive layoffs at Block are purely a financial decision, Schneider said, because Dorsey and others like him realize the potential of AI to perform work for them.
That reality appears to be affecting Big Tech right now, he adds, but Schneider predicts everyone from attorneys and accountants to media outlets are future targets of a pink slip, too.
Dorsey made a similar prediction, too, stating in the email that a “majority of companies will reach the same conclusion” about unnecessary human workers.
