todayonchain.com

Jack Dorsey says AI should replace the middle manager after Block (XYZ) cuts 4,000 jobs

CoinDesk
Jack Dorsey plans to replace middle managers at Block with AI-driven systems to streamline operations and automate organizational coordination.

Summary

Jack Dorsey and Sequoia Capital's Roelof Botha argue that Block's recent reduction of 4,000 staff represents a permanent shift toward replacing middle management with AI. By utilizing AI to aggregate internal data and map customer behavior, the company aims to automate coordination and product development. The new structure focuses on individual contributors and hands-on leaders, though some employees remain skeptical about the current reliability of AI in regulated financial sectors.

(Source:CoinDesk)