Former Twitter owner laid off 40% of his workforce due AI??

[theking]

Block Lays Off 40% Of Staff And Blames It On AI. Don’t Buy The Excuse.
Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey:

“This decision comes from a position of strength. Intelligence tools have changed what it means to build and run a company. A significantly smaller team using the tools we’re building can do more and do it better.”

Wall Street bought the story. Block’s stock spiked 20% in after-hours trading on news of the layoffs. Why Wall Street is buying Dorsey’s story, however is perplexing (although it does have a history of mis-pricing fintech stocks--see the Fiserv story).

[Visualmon]

Can you imagine how self-fish the owner is? He sucking up the wealth to himself and leave the rest of the Americans starving with no paycheck.
Karma hit him back someday when no one made his/her account on that social media platform.