#Block CEO #JackDorsey announced a 40% #workforcereduction, citing #AI as the catalyst. This is a narrative substitution, masking #operationalinefficiencies and #overhiring during the pandemic. Silicon Valley companies, including Block, lack #financialdiscipline and operational efficiency, and the AI narrative is being used as a convenient excuse for job cuts. https://om.co/2026/02/28/block-tackle-job-cuts-the-ai-narrative/?eicker.news #tech #media #news