3 questions every CEO needs to ask about the AI jobs doom loom in the wake of Jack Dorsey’s dramatic 40% layoffs at Block

Anyone who has been in Corporate America for any length of time expects to see layoffs. But last week’s announcement from Block CEO Jack Dorsey that he was laying off 40% of the company’s staff shook a lot of people. This was a healthy, growing tech company slashing nearly half its workforce. In the aftermath of his tweet stock in the parent company of Square, Cash App and Afterpay rose almost 17% on Friday. Certainly Dorsey’s move sparked fresh debate about AI’s impact on jobs in a week when others have painted doomsday scenarios. Three questions come to mind—ones that every CEO should be asking right now:

Is AI a catalyst or a cover for cutting jobs?

Dorsey made it clear that “the business is strong” and “intelligence tools” were changing the way they could work. When commenters pointed out the bloat he’d created during Covid, Dorsey admitted that he’d over-hired but said those issues were addressed two years ago. And he gave........

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