For those saying AI isn’t replacing jobs yet or asking “where is it happening,” check this out. Block just announced plans to cut about 4,000 employees as part of restructuring and efficiency moves. I feel like the tech sector already went through rounds of cuts due to budgets and over-hiring, and now we might start seeing rounds of cuts tied to AI and automation. Curious if others think this is the start of a new phase or just normal restructuring?

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It's both. I've seen a lot of speculating that the Block cuts were at least in part because of overhiring, and that does make sense. But I also feel there wouldn't have been nearly as many jobs cut if it wasn't for AI. I don't expect this trend to slow down any time soon.

The impact of automation tends to appear uneven across sectors. Some roles change rather than disappear entirely. It is often more about adapting skills than complete replacement.

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