Onramp Bitcoin Media Jack Dorsey Just Gave Every CEO Permission to Fire Half Their Company
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Mar 3, 2026 Jackson Mikalic, commentator on Bitcoin, markets, and tech, joins to unpack layoffs, AI-driven workforce shifts, and how tech firms use cuts as financial levers. He explores stablecoins, banks building crypto custody, and the intersection of AI agents with payment rails. Short, sharp takes on adoption trends and distribution battles follow.
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Mass Layoffs Become A Short‑Term Market Lever
- Jack Dorsey's mass layoff signaled a new playbook: rip the bandaid off to cut costs and gain short-term stock upside.
- Block’s stock jumped ~20% the day he announced ~40–50% cuts, creating an incentive for other CEOs to copy the move.
Make Yourself Indispensable With AI Skills
- Become indispensable by learning and applying AI tools at work and helping colleagues adopt them.
- Demonstrate measurable efficiency gains so decision‑makers see you as irreplaceable amid role consolidation.
AI Makes Technology A Growing Garden
- Technology is a garden not a pie: AI and automation grow total value even while destroying some jobs.
- Freed engineers and cheaper tooling lower costs and let many new startups and efficiencies flourish long term.