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The week, FOBO — ‘fear of becoming obsolete' because of AI — became real for workers and markets
MarketWatch· 2026-02-28 13:30
Core Viewpoint - Significant job cuts at Block have raised concerns, but some CEOs and researchers doubt the impending doom scenarios presented in a recent blog post by Citrini [1] Group 1: Company Actions - Block is implementing massive job cuts, which has contributed to heightened anxieties in the market [1] - The scale of the job cuts at Block indicates a potential restructuring or shift in strategy within the company [1] Group 2: Industry Reactions - Despite the alarming news, certain CEOs and industry researchers express skepticism regarding the doomsday predictions, suggesting that the situation may not be as dire as portrayed [1] - The contrasting views within the industry highlight a divide in sentiment regarding the future outlook and stability of companies like Block [1]