Technology companies around the world are making massive workforce cuts tied to artificial intelligence, with over 45,000 layoffs happening in 2026 alone. The biggest names leading these cuts include Block, which laid off 4,000 workers (about 40% of its staff), followed by Australian company WiseTech Global with 2,000 cuts and several others like eBay and Pinterest making significant reductions. Leaders like OpenAI CEO Sam Altman and other top business executives revealed at a major conference that they believe AI will allow companies to run with much smaller teams—he suggested just one to five people could eventually run an entire company. However, the reality appears more complicated. Some experts warn that while AI makes workers do more work faster, it doesn't necessarily mean fewer jobs will exist overall. Instead, companies are assigning those same workers to handle more projects and tasks. Workers are worried about what this means for their future jobs and paychecks, and companies are struggling to figure out how to prepare their teams for this AI-driven world. Cities like Seattle in the United States and Sydney in Australia have been hit especially hard by tech job losses.