Tech Layoffs Near 150,000 in 2026 as AI Wealth Surges
Tech firms have cut close to 150,000 jobs in 2026 while citing AI, even as AI-driven IPOs mint vast new fortunes, sharpening questions about who benefits.
#Block
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Block
Block is a leading payments and fintech company using AI, data, and digital platforms across payments workflows.
California Sets New Precedent With AI Job Loss Protection Order
California Governor Gavin Newsom signed an executive order directing state agencies to study and mitigate AI-driven job losses through retraining programs, labor protections, and employment support measures.
AI Agents May Drive Graduate Unemployment to 30%, ServiceNow CEO Says
By
Samantha Reed
• 1 min read
ServiceNow CEO Bill McDermott warned that rapid adoption of AI agents could significantly reduce job opportunities for new college graduates.
Block Cuts Nearly Half Jobs to Accelerate AI Shift
By
Samantha Reed
• 2 mins read
Block is eliminating more than 4,000 roles, nearly 40% of its workforce, as it pivots toward AI-driven automation. Shares surged over 24% in after-hours trading following the announcement.