Companies Are Cutting Jobs Because of AI

1 Apr 2026 · 1 min

Watch on YouTube

0:39

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" (uploaded April 1, 2026). The excerpt is an English spoken commentary in which a speaker discusses recent corporate layoffs—citing Block cutting roughly 40% of staff (~4,500 people) and Jack Dorsey's comments—arguing that companies are using AI or pursuing AI-driven efficiencies as reasons to reduce headcount. The speaker also describes how some enterprises are proactively building AI fluency and internal "skunkworks" teams to cut software costs, and suggests humane severance practices (six months, keeping equipment, assistance finding new roles).

Chapters

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, six weeks of—I'm sorry, not six weeks, six months of severance. Let's let them keep their computers. Let's let them. Let's help them find like their their next thing, right? So I would say first and foremost, what's happening with these enterprises right now—they are looking to—they are looking to cut. Some of them are using AI as an excuse. But I will tell you that, you know, my 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.