CEO Vision for an AI-driven Workforce: Will Middle Managers Be Replaced?

Block's CEO, Jack Dorsey, has revealed his vision for an AI-driven workplace. The plan involves using AI to automate tasks traditionally performed by middle managers, following the company's recent job cuts. Dorsey believes AI can free up resources and make the organization more efficient.

Investors are still underestimating the impact of AI, with Alger Focus Equity Fund co-manager Patrick Kelly suggesting several 'secular trends' are in place .

Dorsey's proposal has generated some interest in the business world, with investors and executives considering potential implications. SQ shares have declined sharply in 2026, giving investors a distinct stake in whether Dorsey's restructuring vision translates to improved operating leverage.