Anyone who has been in Corporate America for any length of time expects to see layoffs. But last week’s announcement from Block CEO Jack Dorsey that he was laying off 40% of the company’s staff shook a lot of people. This was a healthy, growing tech company slashing nearly half its workforce. In the aftermath of his tweet stock in the parent company of Square, Cash App and Afterpay rose almost 17% on Friday. Certainly Dorsey’s move sparked fresh debate about AI’s impact on jobs in a week when others have painted doomsday scenarios. Three questions come to mind—ones that every CEO should be asking right now:
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The U.S. leads the world in both crude oil and natural gas production, but the top exporters are already shipping near their capacities, allowing them to reap larger profits but not fill the supply gaps caused by the temporary loss of 20% of global oil and liquefied natural gas (LNG) volumes triggered by the effective closure of the Strait of Hormuz near Iran.
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