Tech companies have been laying off employees for a while now. I think it's mostly due to pandemic overhiring and higher interest rates but I suppose we'll see.

> Block just laid off 40% of their company

Because the company was being horribly run and over hired and "pivoted to blockchain" for no fucking reason.

> citing AI.

Because it's 2026 and they thought that would work to bullshit a few people about point one, which apparently it did.