tech
April 1, 2026
Artificial Intelligence Will Destroy This Profession: Prediction Backed by Layoffs, Goodbye to 40% of Employees
Jack Dorsey and former Sequoia Capital chief, Roelof Botha, claim that artificial intelligence could soon take over a large portion of the jobs currently performed by middle management.
TL;DR
- Jack Dorsey and Roelof Botha believe AI could replace many middle management jobs.
- Block announced layoffs of 40% of its workforce (around 4,000 people).
- Block's stock rose 24% following the layoff announcement and increased AI use.
- The company aims for smaller teams and greater AI adoption to speed up development.
- AI can perform tasks like information gathering, instruction relay, project coordination, and team alignment.
- The traditional hierarchical company structure is compared to Roman legions.
- AI can build a "model of the world" for a company, providing real-time insights.
- Investor markets are reacting positively to cost-cutting and efficiency gains through AI.
- Block's stock has stagnated for a decade, potentially driving radical moves.
- If Block's model succeeds, other companies are likely to follow suit.