Block Layoffs and the Problem of Bloated Workforces
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My take on Block layoffs (my own): The reason isn’t AI getting too smart and that’s why they don’t need humans anymore. The reason is their bloated workforce. 10,000 employees in a company was never justifiable to me, at least to me (I might get a lot of hate for saying that). If you hire 10,000 people for your company, you are not making their lives easier. You are just putting them in a spot where they would be under constant threat of getting laid off. Jack is an awesome mind. I respect him for his crazy ideas. But he has a proven record of running a bloated company. I’m talking about Twitter. Before Elon acquired it, Twitter didn’t have any major feature additions (at least I don’t remember), Twitter was a bloated workforce company. But after Elon acquired it, Twitter became X, there was a massive workforce cut, a lot of features were added, and it grew overall. Saying AI impacted 4,000 jobs at Block isn’t 100% accurate. The only way to save yourself: enable AI in your life, try not to join bloated companies, build something with AI. So stop blaming AI.