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Peter Thiel warned AI is coming for ‘math people before word people.’ Banks have already said smaller headcounts are possible

Peter Thiel warned AI is coming for ‘math people before word people.’ Banks have already said smaller headcounts are possible

Last month, Block announced a 40% cut to its headcount, or about 4,000 jobs, and cited AI models as a top reason.

March 7, 2026

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