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We just saw the first major layoff directly because of AI.
Twitter founder Jack Dorsey laid off 4,000 people, 40% of the company’s headcount to go all in on AI and agentic workflows.
After the announcement, Block stock $XYZ surged 23% in 60 minutes, adding nearly $6 billion to its market cap.
Jack said what every CEO knows but won’t admit: “AI paired with smaller teams is enabling a new way of working. And that’s accelerating rapidly.”
The new math after AI is brutal:
100 people + AI = 1,000 people