A wave of AI-driven workforce cuts is reshaping corporate strategy and stoking fears of a structural unemployment crisis [1]. Companies racing to cut 10–25% of staff via AI are rewarded by markets — Block's stock jumped 30% after Jack Dorsey halved its workforce — creating a competitive incentive that analysts warn could cascade into a depression-level unemployment event [2]. Forecasters like Mo Gawdat argue AGI has effectively arrived and predict 30% of jobs in certain sectors will vanish by 2028, with serious economic disruption visible as early as 2027 [3], while optimists point to explosive AI platform growth and new use cases as evidence of net economic expansion [4].