"Investors have reacted well to the gutting of jobs. Block's shares soared up to 24% after the announcement.

The cuts come amid rising concerns about how AI will impact the workforce as AI giants like Anthropic and OpenAI continue to push out new enterprise tools. Just this week, Anthropic updated its popular Claude model to perform better at office jobs in human resource, design and wealth management.

Software stocks cratered earlier this month after Anthropic launched updates to its Claude Cowork tool.

Dorsey's decision also reflects a growing sentiment among tech leaders to operate more leanly as AI evolves.

Amazon said it needed "fewer layers" to "operate as quickly as possible," calling AI is the "most transformative technology we've seen since the internet" in a memo from October announcing layoffs."

;;

The Tribulation, the Great Tribulation.