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We just saw one of the first major layoffs clearly tied to AI. Former X owner Jack Dorsey cut 4000 jobs which is around 40 percent of the company as he shifts fully toward AI and agent driven workflows. After the announcement Block stock jumped 23 percent in just 60 minutes adding nearly 6B in market value.
He said what many CEOs think but rarely say publicly that AI combined with smaller teams is creating a new way of working and it is accelerating fast. The message is simple and brutal. 100 people with AI can now produce what once required 1000.