No Going Back' – Moody's Economist Mark Zandi Warns 'Outright Job Losses' Incoming Due to AI After Block's 4K Job Cuts

Benzinga_recent_news03-15 10:00

Artificial intelligence taking over human jobs is no longer just a fictional idea or exaggerated fear — it is quickly turning into a reality unfolding before our eyes. Don't Miss: Last month, Block ...

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He said smaller teams can accomplish more as AI capabilities improve rapidly.\"While Block didn't explicitly pin the cuts on AI, it all but did,\" Zandi said. \"Of course, AI could be a smokescreen for other, less flattering reasons for the cuts, but I suspect not.\". Zandi said the surge in Block's shares after the layoffs announcement could signal to other companies that cutting jobs may be rewarded. He shared a chart showing that higher AI adoption is linked with weaker hiring, suggesting AI use could be starting to weigh on job growth.\"AI is already weighing on the job market, but we know this is due to weaker hiring, not layoffs,\" Zandi said. \"But if businesses believe there is no going ba","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4548":"巴美列捷福持仓","BK4588":"碎股","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","BK4551":"寇图资本持仓","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","BK4023":"应用软件","AI":"C3.ai, Inc.","BK4543":"AI","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","BK4587":"ChatGPT概念","SG9999001077.SGD":"United International Growth Fund SGD","BK4585":"ETF&股票定投概念","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","BK4528":"SaaS概念","AIYY":"YIELDMAX AI OPTION INCOME STRATEGY ETF","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","MCO":"穆迪","BK4559":"巴菲特持仓","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","BK4112":"金融交易所和数据"},"translate_title":"穆迪经济学家马克·赞迪(Mark Zandi)警告称，在Block裁员4K之后，人工智能将导致“彻底失业”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AI":0.9,"AIYY":0.6,"MCO":1.5},"content_text":"Artificial intelligence taking over human jobs is no longer just a fictional idea or exaggerated fear — it is quickly turning into a reality unfolding before our eyes.\nDon't Miss:\nLast month, Block Chief Executive Jack Dorsey announced plans to cut 4,000 jobs, saying AI tools are reshaping how the company works. He said smaller teams can accomplish more as AI capabilities improve rapidly. \n\"While Block didn't explicitly pin the cuts on AI, it all but did,\" Zandi said. \"Of course, AI could be a smokescreen for other, less flattering reasons for the cuts, but I suspect not.\"\nZandi said the surge in Block's shares after the layoffs announcement could signal to other companies that cutting jobs may be rewarded. He shared a chart showing that higher AI adoption is linked with weaker hiring, suggesting AI use could be starting to weigh on job growth.\n\"AI is already weighing on the job market, but we know this is due to weaker hiring, not layoffs,\" Zandi said. \"But if businesses believe there is no going back on AI, and cut workers as Block did, outright job losses appear increasingly likely.\"\nSee Also: Don't risk buyer's remorse — ask these critical questions every homebuyer should know.\nZandi's comments came just days before the latest jobs report that shocked Wall Street. Data from the Bureau of Labor Statistics showed the economy lost 92,000 nonfarm jobs in February, while analysts expected the economy to add about 50,000 jobs. The agency also revised its December figures to a decline of 17,000 jobs from a previously reported gain of 48,000 jobs.\nZandi was among several analysts who warned the market not to overreact to January's upbeat jobs report, as most of the hiring gains in the month came from the healthcare sector.\n\"Soak in the January job gains, I suspect there won’t be many more months with job gains like this in 2026,\" Zandi wrote on X last month.\nRead Next: Thinking about ETFs? 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