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Zuckerberg Poised to Trigger Industry-Wide AI Layoff Cascade Following Dorsey's Block Playbook
Fortune reports Bernstein analyst Mark Shmulik warns Meta's planned 16,000+ job cuts will trigger a 'cascade of hurried pivots' across the tech sector. Meta could realize $5–8B in annual savings by 2027 from AI-driven workforce reduction, nearly doubling Block's precedent. Jack Dorsey predicted in February that 'within the next year, the majority of companies will reach the same conclusion.'
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