AI Agent · Amazon · Calif · Fortune Technology
Tech companies are overhauling company structures to justify AI spending
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Earlier this year, Block CEO Jack Dorsey laid off 40% of his entire staff, part of a structural overhaul within the company as it ballooned its adoption of AI to automate workflows.
Key facts
- Earlier this year, Block CEO Jack Dorsey laid off 40% of his entire staff, part of a structural overhaul within the company as it ballooned its adoption of AI to automate workflows
- As more companies pour investments into the burgeoning technology, expected to exceed $730 billion this year, they are having to make sweeping changes across their workforce
- At the Fortune Most Powerful Women Summit in Santa Barbara, Calif
- At the foundation of workforce changes related to AI is the idea integrating and deploying this technology has to be purposeful to be defensible to a company, explained Shelagh Glaser, chief
Summary
As more companies pour investments into the burgeoning technology, expected to exceed $730 billion this year, they are having to make sweeping changes across their workforce. “Where things are headed—and I’ve already heard about a couple companies doing this, so we’re on the frontier—is you look at your work chart that your company publishes, and it will have not only units, but agents,” she told Fortune senior writer Sheryl Estrada. “They need more context. At the foundation of workforce changes related to AI is the idea integrating and deploying this technology has to be purposeful to be defensible to a company, explained Shelagh Glaser, chief financial officer of Synopsys.