Do AI-enabled companies need fewer people?

About a year ago I made some predictions about the effect of AI on programming jobs . Block laid off 40% of its staff claiming AI made them more efficient . Is that really true or did they just over-hire? Let's look at some data and see what's really happening. In February 2026, global venture capital hit a single-month record: $189 billion flowed into startups in 28 days. Three companies got 83%…