The U.S. Bureau of Labor Statistics reported a dismal jobs report Friday. Employers shed 92,000 jobs in February and the unemployment rate ticked up to 4.4%. Some companies have recently announced massive layoffs attributed to AI. Jack Dorsey’s Block last month cut nearly half its workforce, citing AI as a reason. “We’re already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company,” Dorsey wrote in a post on X. (Critics including Salesforce CEO Marc Benioff have noted that Block has particular issues of its own and may be “AI washing,” or using this as an excuse to conduct necessary layoffs.)
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