Block’s workforce cut by 40%; investors praise potential for profit, reminiscent of Kansas’ 2010 tax cuts. Despite promises, tax cuts led to revenue loss and austerity. Similar AI layoffs may follow the same pattern. Dorsey believes triggering layoffs boosts profits, but economists warn against it, citing Kansas as a cautionary tale.
https://www.tbray.org/ongoing/When/202x/2026/02/27/Kansas-and-GenAI