Jack Dorsey is proving that record profits don't guarantee job security. Despite a 24% surge in gross profit, Block slashed 40% of its staff because Dorsey believes AI is ready to replace middle management. While analysts predict a 35% stock upside from these cuts, it signals a future where human leadership is traded for algorithms to boost the bottom line. Is middle management actually obsolete, or is this just a dangerous excuse to gut the workforce? What’s your take?
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