Anyone who has been in corporate America for any length of time expects to see layoffs. But last week’s announcement from Block CEO Jack Dorsey that he was laying off 40% of the company’s staff shook a lot of people. This was a healthy, growing tech company slashing nearly half its workforce. In the aftermath of his tweet, stock in the parent company of Square, Cash App, and Afterpay rose almost 17% on Friday. Certainly Dorsey’s move sparked fresh debate about AI’s impact on jobs in a week when others have painted doomsday scenarios. Three questions come to mind—ones that every CEO should be asking right now:
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The red area, depicting LLM use from the Anthropic Economic Index, shows how people are using Claude in professional settings. The coverage shows AI is far from reaching its theoretical capabilities. For instance, Claude currently covers just 33% of all tasks in the Computer & Math category.
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