AI may be helping more people start their own businesses, but without many employees The cofounders of one startup said they are bringing in $1 million per month with 13 employees thanks to AI. Fortune · Mar 22
Why Block's COO is tracking 'gross profit per employee'—and how AI is on track to double it to $2 million Block's Amrita Ahuja explains what is driving gross profit per employee to record levels inside the company. Fortune · Mar 21
$12 billion AI startup founder says future tech giants could operate with fewer than 100 employees Advances in AI are enabling some startups to scale to millions of users with lean teams. Fortune · Mar 17
Block Stock Just Crashed Below Its 50-Day Moving Average. Should You Buy the Dip? Block shares have slipped below their 50-day MA, indicating bearish momentum. But there are ample reasons for long-term investors to load up on XYZ stock today. Barchart · Mar 16
Sweeping cuts at Meta could see 16,000 jobs lost as company pumps money into AI CEO Mark Zuckerberg told investors that ‘projects that used to require big teams now be accomplished by a single, very talented person’ The Independent UK · Mar 15
Will AI take Australian jobs, or is it just an excuse for corporate restructure? More than 1,000 Australian tech jobs have recently been cut, with companies citing AI productivity gains. But that’s not the full story, experts say The Guardian - AU · Mar 13
‘Devastating blow’: Atlassian lays off 1,600 workers ahead of AI push Layoffs to affect 10% of workforce amid Australian company’s restructuring plan to push into artificial intelligence and enterprise sales The Guardian - AU · Mar 11
Amazon is determined to use AI for everything – even when it slows down work Corporate employees said Amazon’s race to roll out AI is leading to surveillance, slop and ‘more work for everyone’. The Guardian - US · Mar 11
Is AI about to take your job? New Anthropic research suggests the answer is more complicated than you think. Tasks in jobs involving computers and math are 94% exposed to AI. But AI is currently being used for only a third of them. Why? Fortune · Mar 10
Jack Dorsey's mass job cuts expose tech's bogus narrative Block Inc. CEO Jack Dorsey announced significant layoffs, framing them as a move towards artificial intelligence. This strategy mirrors a long-standing Silicon Valley tradition of reinterpreting setbacks as forward-thinking innovation. The company's past decisions, including over-hiring and questionable acquisitions, are now overshadowed by this new narrative. This approach aims to… The Economic Times · Mar 9
Current and former Block workers say AI can’t do their jobs after Jack Dorsey’s mass layoffs: ‘You can’t really AI that’ The CEO said he cut the company’s workforce by 4,000 people – almost in half – because of gains in AI productivity The Guardian - US · Mar 8
Peter Thiel warned AI is coming for 'math people before word people.' Banks have already said smaller headcounts are possible Last month, Block announced a 40% cut to its headcount, or about 4,000 jobs, and cited AI models as a top reason. Fortune · Mar 7
The unexpected 92,000 drop in payrolls is a clue we might be reading the AI jobs narrative all wrong Is AI taking jobs? Or are companies cutting jobs to pay for the enormous capex outlays on AI? Fortune · Mar 7
How Block’s CFO became convinced the company needed only 60% of its staff The finance chief discusses why a profitable fintech is betting that an AI-native workforce can outpace a much larger one. Fortune · Mar 6
Fortune · Mar 6 Iran is turning out to be a more effective enemy than many thought, and U.S. allies are losing their patience with the war Everything you need to know before you get to the office today.
Fortune · Mar 6 Exclusive: Block’s CFO explains the AI leaps over 18 months that led to the decision to slash nearly half its workforce New tools including its custom LLM "goose" gave leaders confidence that smaller teams can now handle “really meaningful bodies of work,” says Block’s CFO and COO Amrita Ahuja.
MarketBeat · Mar 5 Cash Flow Kings: 2 Stocks to Hide In, 1 to Avoid Dell and Block generate strong free cash flow and bullish analyst sentiment in 2026. Lucid's negative margins and heavy short interest tell a different story.
Barchart · Mar 4 Block Stock Surges 20% After Jack Dorsey’s AI Layoff Bet — Buy, Hold, or Sell? Investors reward Block’s AI shift, even as thousands lose jobs, but it’s still a risky bet.
Fortune · Mar 4 3 questions every CEO needs to ask about the AI jobs doom loop in the wake of Jack Dorsey’s dramatic 40% layoffs at Block Dorsey’s move sparked fresh debate about AI’s impact on jobs after a week dominated by doomsday scenarios.
Fortune · Mar 3 Top economist says companies are close to a 'Cortes moment' on AI, referencing the conquistador who burned his boats and then invaded Mexico Moody’s Analytics chief economist warned firms are approaching the point of no return on AI adoption—and the labor market may feel it first.
The Guardian - US · Mar 3 What was really behind Jack Dorsey laying off nearly half of Block’s staff? CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play
Fortune · Feb 28 The week the AI scare turned real and America realized maybe it isn't ready for what's coming From the "Ghost GDP" to mass layoffs at tech companies, this was the week AI's new collar economy took full effect.
Fortune · Feb 28 She joined Block to build AI. Weeks later, AI cost her job. Block cut more than 4,000 jobs, citing efficiency gains from AI, underscoring how even AI-focused roles are vulnerable in today’s tech restructuring.
Kiplinger · Feb 27 Dow Dives 521 Points as Goldman, AmEx Slide: Stock Market Today News of Block's massive layoffs exacerbated AI worries across the financial sector.
Fortune · Feb 27 Block CEO Jack Dorsey lays off nearly half of his staff because of AI and predicts most companies will make similar cuts in the next year The former Twitter CEO said AI was “enabling a new way of working” as his company scales back its workforce as a result of AI productivity gains.