The Great Replacement: Mass layoffs due to Artificial Intelligence – Who is cutting staff and soaring, who is losing trillions.
Companies are announcing mass layoffs due to the efficiency brought by artificial intelligence, while entire sectors lose market capitalization amid fears of being replaced by technology.
Twitter founder Jack Dorsey laid off 4,000 employees from his company, the reason being AI
Jack Dorsey's company Block Inc. has laid off approximately 4,000 employees, citing a shift towards artificial intelligence as the primary reason for this action.