Technology & Startups — AI Disruption Forces Major Tech Workforce Reductions; India's Tech Sector Faces Competitiveness Challenges

Technology & Startups · 2026-02-27

The technology sector is experiencing a profound AI-driven transformation, with today's developments revealing both the immediate impact and longer-term strategic shifts. The aggressive 40% workforce reduction at Block, explicitly tied to AI implementation, signals that even established fintech leaders are radically restructuring operations around AI capabilities. This mirrors the broader…