Companies Are Cutting Jobs Because of AI

1 Apr 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 "Companies Are Cutting Jobs Because of AI" (created 2026-04-01). The excerpt is a single-speaker commentary (labelled SPEAKER A) discussing recent tech layoffs—citing Block cutting roughly 40% (~4,500 people) and Jack Dorsey's mention of AI—arguing companies should offer generous severance (suggested six months), keep equipment access, and help displaced workers find new roles. The speaker also describes enterprises using AI as a reason for cuts or as a genuine efficiency push, mentioning an example of a $500M company running an "AI skunkworks" to reduce software spend and replace tools like call recorders. Language appears to be English; no other participants are identified in the excerpt.

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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.