Block’s A.I. Layoffs Signal a Tipping Point for White-Collar Work
Block CEO Jack Dorsey’s announcement of an A.I.-driven 40 percent reduction in the company’s workforce—followed by other major firms justifying their own workforce reductions as A.I.-related—triggered immediate speculation about A.I.’s impact on white-collar employment. While the news also prompted an immediate spike of more than 20 percent in Block’s stock price, the more consequential issue…

