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Block lays off 4,000 workers citing AI. But how much does AI actually have to do with it? | CBC News ● Jack Dorsey Links Job Losses at Block to AI Advances ● AI could replace office jobs within 18 months — here’s 5 things you should do right now | Tom's Guide ● Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI | El Dorado News ● eBay Slashes 800 Jobs After $1.2B Depop Deal ● SQ Stock Today, February 28: AI Cuts, EPS Guide Beat Lift Shares | Meyka ● Jack Dorsey says AI drove layoffs at Block as shares surge - FilmoGaz ● She joined Block to build AI. Weeks later, AI cost her job. | Fortune ● Block to cut more than 4,000 jobs amid AI disruption of the workplace ● TechbuzzBlock lays off 4,000 workers citing AI. But how much does AI actually have to do with it? | CBC News ● Jack Dorsey Links Job Losses at Block to AI Advances ● AI could replace office jobs within 18 months — here’s 5 things you should do right now | Tom's Guide ● Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI | El Dorado News ● eBay Slashes 800 Jobs After $1.2B Depop Deal ● SQ Stock Today, February 28: AI Cuts, EPS Guide Beat Lift Shares | Meyka ● Jack Dorsey says AI drove layoffs at Block as shares surge - FilmoGaz ● She joined Block to build AI. Weeks later, AI cost her job. | Fortune ● Block to cut more than 4,000 jobs amid AI disruption of the workplace ● Techbuzz
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Analysis

Survey Reveals AI Could Eliminate 10.4 Million Jobs by 2030 Amidst Lack of Productivity Gains

itpro.comBy Companies continue to splash out on AI, despite disillusionment with the technology · News Worldwide spending on AI will hit $2.5 trillion in 2026, according to Gartner, despite IT leaders wallowing in the "Trough of Disillusionment" – and spending will surge again next year. A new study claims AI will destroy 10.4 million roles in the US by 2030, more than the number of jobs lost in the Great Recession – but analysts still insist there won’t be a ‘jobs apocalypse’Saturday, February 21, 20261 min read
CEOs aren't seeing any AI productivity gains, yet some tech industry leaders are still convinced AI will destroy white collar work within two years | IT Pro

— itpro.com

Key Takeaway

Despite significant investment in AI, a recent survey indicates that many companies are not experiencing productivity gains, with a prediction that AI could eliminate 10.4 million jobs in the US by 2030. The findings highlight a disconnect between AI adoption and its perceived benefits in the workforce.

Companies continue to splash out on AI, despite disillusionment with the technology · News Worldwide spending on AI will hit $2.5 trillion in 2026, according to Gartner, despite IT leaders wallowing in the "Trough of Disillusionment" – and spending will surge again next year. A new study claims AI will destroy 10.4 million roles in the US by 2030, more than the number of jobs ...

Read the full article at itpro.com

Original reporting — we curate and summarize for context

AIjob displacementproductivitytech industry