Biggest % job cut in S&P 500 history
Ben noted that Block's layoffs represent the largest percentage-based job cut of any S&P 500 company ever recorded.
Snapshot · God Mode Podcast
Jack Dorsey Fired Half of Block. The Stock Pumped 30%. AI Is Replacing Your Job. | GodModePod EP02
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Mar 9, 2026
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Jack Dorsey Fires Half of Block — Stock Pumps 30%
At 1:41 · chapter starts 0:52
Jack Dorsey Fires Half of Block — Stock Jumps 30%
Jack Dorsey cut half of Block's workforce not because the business was struggling, but because AI is more productive. The market responded by pumping the stock 30%. This could be the template every public company copies in the next 12 months.
30% stock pump after layoffs
Block's stock rose 30% after Jack Dorsey announced he was cutting half the company's workforce to replace roles with AI.
You Won't Lose Your Job to AI — You'll Lose It to Someone Who Uses AI
It's not AI that will take your job — it's the person next to you who figured out how to use AI. This reframe changes everything about where to focus your energy right now.
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