Jack Dorsey's mass job cuts expose tech's bogus narrative

Block Inc. CEO Jack Dorsey announced significant layoffs, framing them as a move towards artificial intelligence. This strategy mirrors a long-standing Silicon Valley tradition of reinterpreting setbacks as forward-thinking innovation. The company's past decisions, including over-hiring and questionable acquisitions, are now overshadowed by this new narrative. This approach aims to reshape perceptions and influence market perception.