Moody's Mark Zandi: AI-Powered Layoffs Could Accelerate as Firms Adopt Block's Strategy

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

AI-Driven Layoffs May Accelerate as Companies Follow Block's Playbook: Moody's Mark Zandi

According to Zandi, the growing use of AI tools is already impacting hiring patterns.

S

Storyboard•17-03-2026, 10:32

AI-Driven Layoffs May Accelerate as Companies Follow Block's Playbook: Moody's Mark Zandi

•Moody's Mark Zandi warns AI could accelerate job losses if more companies follow Block's workforce reduction trend.
•Block, led by Jack Dorsey, announced 4,000 job cuts, with Zandi suggesting automation-driven efficiency as the underlying reason.
•Zandi notes AI adoption is already impacting hiring, enabling smaller teams to achieve the same output, leading to slower recruitment.
•Block's stock price rose post-layoffs, signaling market rewards for cost-cutting and efficiency, potentially encouraging similar corporate strategies.
•US jobs report shows strain; Oracle and Goldman Sachs also eye AI-led restructuring, indicating a broader shift in employment patterns.

Read Full Article on Storyboard in English

✦

More like this

✦

More like this

जिसने असली प्रोजेक्ट बनाए हैं, रिसर्च पब्लिश की है, या नए प्रोडक्ट लॉन्च किए हैं, उसे ज्यादा मौके मिल रहे हैं.

Stanford-MIT Grads Jobless: AI Era Demands 'Show Your Work' Over Degrees

Claude AI Comment Sparks Alarm for Accenture, IT Services Future

Block Inc. Layoffs: AI Shift or 'AI Washing' Behind Jack Dorsey's 4,000 Job Cuts?

While his warnings resonate during periods of uncertainty, economists caution that technological shifts historically create new forms of employment even as they eliminate others. (Image: Shutterstock)

Rich Dad Poor Dad Author Warns AI Will Make the Rich Richer, Threaten Jobs

After Jack Dorsey’s Block reduces workforce by nearly half with 4,000 job cuts, employee says layoff was clerical error

Block Employee's Layoff a 'Clerical Error', Accepts Offer to Return Amid Mass Cuts

Representational image. Reuters

Fed Must Scrutinize AI's Productivity Impact Before Adjusting Rates: Daly