4,500 Jobs Just Got Replaced By AI

23 Mar 2026 · 1 min

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This content was created by Eric Siu. This content was uploaded by Eric Siu. This is a YouTube video titled "4,500 Jobs Just Got Replaced By AI" (created 2026-03-23). The excerpt is a single-speaker spoken commentary about recent tech layoffs and how companies are using AI and efficiency drives to cut staff (mentions Block cutting ~4,500 roles and Jack Dorsey). The speaker discusses offering extended severance and support (keeping equipment, help finding next roles) and gives an example of a $500M-a-year company building an AI skunkworks to reduce software spend and replace tools such as a call-recording tool.

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You look at Block, I think they cut what, 40%? It might have been 4,500 people or so that they cut. And because Jack Dorsey cited, you got AI coming, right? There's a lot of efficiencies coming. You'd rather get ahead of it right now. Let's give them, you know, 6 weeks of— I'm sorry, not 6 weeks, 6 months of severance. Let's let them keep their computers. Let's let them— let's help them find like their next thing, right? So I would say first and foremost, what's happening with these enterprises right now, they are looking to cut. Some of them are using AI as an excuse. But I will tell you that, you know, my friend that runs that $500 million a year company, you know, they are pushing very hard on AI fluency. They actually have an AI skunkworks team that is actually looking to make things efficient in terms of all their software spend, they made a replacement for a call recording tool.