No, the layoffs are because we're in a recession. They gesture at AI to stop investors from panicking.
this post was submitted on 27 Feb 2026
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Fuck AI
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AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
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Block, the company behind Square, Cash App and Afterpay
Never heard of block but those names i recognize.
Block used to just be called Square, and was the company that made Square and Cash App, but changed its name to Block after Jack Dorsey left Twitter (he was also one of the co-founders of Block). iirc, Jack got really into blockchain and all that kind of stuff
"more profit" they say. But where will the people they lay off go? Are we supposed to stop working in IT and become farmers or something? I guess all that matters is more profit!
“Because of AI”. 🤔
Yeah, not because it’s actually useful mind you. But because execs think they can cut costs of employing humans and pocket the difference.
They might, but not companies that will stick around.