Tech Companies Suffer Job Cuts Amid AI Adoption Fears
ByAinvest
Friday, Mar 20, 2026 8:28 pm ET1min read
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Block has laid off 40% of its workforce, citing AI tools as the reason for a smaller team that can "do more and do it better." Fears of widespread white-collar layoffs have intensified, with Meta potentially next to slash jobs. Other companies may also be forced to make similar cuts due to the impact of AI tools on the workforce.
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