The Block founder announced Thursday the company would be laying off nearly half its workforce, cutting 4,000 employees, down to just under 6,000 workers from over 10,000.
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“Whereas the job market effects of AI in 2025 were still quite ambiguous, AI capabilities have advanced rapidly in the past few months,” Anton Korinek, an economist who focuses on the economic impact of transformative AI, told Fortune. “This may be the beginning of a new trend where white-collar jobs become threatened more seriously by AI. Once a few companies start the trend, competitive forces may induce others to follow suit.”
The 32nd Annual Actor Awards will broadcast live globally on Netflix for the third year in a row. Kristen Bell will host the awards show once again at the Shrine Auditorium and Expo Hall in Los Angeles. Here's everything you need to know to watch the Actor Awards live.