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
52 points (100.0% liked)
Fuck AI
5751 readers
1865 users here now
"We did it, Patrick! We made a technological breakthrough!"
A place for all those who loathe AI to discuss things, post articles, and ridicule the AI hype. Proud supporter of working people. And proud booer of SXSW 2024.
AI, in this case, refers to LLMs, GPT technology, and anything listed as "AI" meant to increase market valuations.
founded 2 years ago
MODERATORS
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
Yeah he's a big crypto bro, or specifically a "bitcoin maximalist," meaning he basically just thinks Bitcoin is the only real, good crypto, and any other crypto no matter how it operates is always worse.
It's why Cash App has the option to buy Bitcoin right next to buying stocks, but ONLY allows you to buy Bitcoin, and why Twitter originally got the custom Bitcoin emoji added.
"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!
That’s what they expect you to do, because most companies are run by nepotistic morally bankrupt idiots who believe AI can part the Red Sea.
“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.