Major Tech Layoffs!!

Block is the company behind square and cash app. Block was created by Jack Dorsey, who was the co-founder of Twitter and he became a billionaire that way, which in turn, he built square, built block, built cash app. Right? So now when we're getting to this, this whole new arena of AI. Basically, what he's saying is that a lot of other tech companies are way behind. With AI creating more efficiency, he came out and just said, hey, we're going to cut 40% of our workforce. Now, this is very scary, right? Because what's going to happen is you see other tech giants, they're staggering their layoffs. But what Jack Dorsey went ahead and did is he just went ahead and cut majority, almost half of his company at one time. And his thought process as well, he doesn't want to decrease employee morale over a long period of time, which is crazy to think. But from a CEO perspective, I guess that works. But what I want to say is that it's going to be scary times because other giants, whether in tech or other industries, they are seeing more layoffs with artificial intelligence. So, what do we do? There's not a lot of answers because we don't know what workflows are going to look like in the future, especially as we implement more and more AI. But in the temporary timeframe, this is why it's very important to upskill. Learn new skills, network with other individuals, have numerous side hustles. So that way, if you get let go from your main job or from whatever you're doing, you're still seeing some type of money into your household. Right? So again, scary times. Artificial intelligence is here to stay. And we also have to think that, you know, it's all about profit. It's all about revenue. It's all about bringing in money. So if I can cut my workforce and still have great efficiency, then this is what the CEOs, these operators are going to continue to do.