"We're already seeing that the intelligence tools we're creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company."
"I think most companies are late. Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes."
Tech industry leaders including Microsoft's Mustafa Suleyman, Andrew Yang, and JPMorgan Chase CEO Jamie Dimon have warned of imminent job displacement from AI within 12-18 months. Block founder Jack Dorsey announced the company would cut nearly half its workforce, reducing from over 10,000 to 6,000 employees. Dorsey explicitly tied the layoffs to AI implementation, stating that intelligence tools paired with smaller teams enable a new working model. He predicted most companies would reach similar conclusions within a year. While acknowledging some layoffs resulted from COVID-era overhiring, the move reflects broader AI-driven workforce anxiety among workers and investors.
#ai-driven-layoffs #workforce-displacement #artificial-intelligence-impact #corporate-restructuring #tech-industry-employment
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