Friday, February 27, 2026 at 2:30 PM
The entrepreneur said fewer employees is better in the AI age.
The company said the plan would cost it $450 million to $500 million in expenses and severance.
After Block CEO Jack Dorsey announced his fintech firm was laying off 4,000 people, concerns rose that other companies would follow suit and aggressively cut jobs.
Neither theory, history or the latest data suggests a recession driven by AI job dislocation is likely.
From startups to giants such as Meta and Google, companies are factoring AI use into performance reviews and trying to track productivity gains.
Data sourced from public RSS feeds and News APIs.