The deal was announced by the Federal Trade Commission (FTC) and a group of 11 states, of leaving the drivers on its Spark Driver app tens of millions of dollars out of pocket.
While Dorsey noted the layoffs were in part a reaction to overhiring during COVID, they follow AI-driven doomsday anxiety among workers and investors alike: Citrini Research’s “Global Intelligence Crisis” Substack post imagined a scenario in 2028 where unemployment tops 10% and the S&P 500 tanks.
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