AI-Powered Job Cuts Could Intensify as Firms Adopt Block's Strategy: Moody's Mark Zandi

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AI-Driven Layoffs May Accelerate as Companies Follow Block's Playbook: Moody's Mark Zandi

According to Zandi, the growing use of AI tools is already impacting hiring patterns.

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Storyboard•19-03-2026, 14:22

AI-Driven Layoffs May Accelerate as Companies Follow Block's Playbook: Moody's Mark Zandi

•Moody's Mark Zandi warns AI could accelerate job losses if more companies follow Block's workforce reduction trends.
•Block, led by Jack Dorsey, announced 4,000 job cuts, which Zandi suggests points to automation-driven efficiency.
•Zandi notes AI adoption is already impacting hiring patterns, with smaller teams achieving the same output.
•Investor response to Block's announcement (stock price rise) may encourage other companies to adopt similar cost-cutting strategies.
•Recent US jobs report shows a decline in nonfarm jobs, indicating early signs of labor market strain.

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