So what do y’all think of the Block layoffs?

My upcoming interview with Block got canceled, and I am in a bit of relief but at the same time it made me question where is the industry in general headed to. Block CEO is attributing the layoffs to AI. As an active job seeker and currently in a “safe” job, I am questioning my decision to whether this is the right time for a job switch, but at the same time is there ever a right time?

Do you think we will see more layoffs in the future because of AI?