The Great AI Job Displacement: Block, eBay Cut Thousands as AI Reshapes Workforces
InvestTalk
Hosts Justin Klein & Luke Guerrero, CFA | Wealth Managers and Investment Advisors
4.4 • 1.5K Ratings
🗓️ 6 March 2026
⏱️ 45 minutes
🧾️ Download transcript
Summary
Block is planning to lay off nearly half its workforce in what it calls a 'deliberate and bold' embrace of AI, while eBay cuts 800 jobs citing AI transformation. This wave of AI-driven layoffs raises critical questions about the future of work and whether these productivity gains will translate to sustainable profits for shareholders.
Today's Stocks & Topics: Broadcom Inc. (AVGO), Market Wrap, Gold Royalty Corp. (GROY), The Great AI Job Displacement: Block, eBay Cut Thousands as AI Reshapes Workforces, Lululemon Athletica Inc. (LULU), Mobileye Global Inc. (MBLY), The Global Economy and The Middle East Conflict, The Citrini Report, Aluminum Supply.
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Transcript
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| 0:00.0 | On radio, on YouTube, streaming live on invest talk.com, and for our podcast subscribers, this is InvestTalk. Incependent Thinking, shared success. |
| 0:17.7 | InvestTalk is made possible by KPP Financial, a registered investment advisor firm, serving clients |
| 0:24.9 | throughout the United States. Here is KPP Financial Portfolio Manager, Luke Guerrero. |
| 0:33.9 | Good afternoon, fellow investors, and welcome back to another edition of Invest Talk. |
| 0:41.3 | I'm your host, Luke Guerrero, and today's Thursday, March 5th, 2026. |
| 0:48.4 | You got another great show plan for you today with some important show topics, a quick market rundown, and obviously, |
| 0:57.0 | most importantly, your finance and investment question. So before we talk about what we got |
| 1:01.6 | planned, let's tackle this caller question now. Hi, I'm calling today about Broadcom, |
| 1:07.0 | ticker ABGO. I've been wanting to get into the stock for quite some time now, but it did run up. Earnings happened, and stock is up 5%. I'm curious if you think now is a good time to get |
| 1:16.7 | in, or should I wait for the earnings to digest? And if so, what is a good entry point? Thank you for |
| 1:22.3 | your time. Bye. |
| 1:23.6 | Ticker A. VGO is Broadcom Inc. They are a dual segment tech giant in terms of market cap. |
| 1:34.7 | About $1.5 trillion market cap is where they're sitting right now. And they have their semiconductor solutions |
| 1:45.1 | segment, which is their AI accelerators, their XPUs, their network switches, as well as their |
| 1:50.1 | infrastructure software. So VMware and cybersecurity. It is one of those picks and shovels |
| 1:58.6 | names. It's a play on the hyper-scaler AI buildout because they are |
| 2:02.7 | designing these custom chips, these XPUs for Google, for meta, for Anthropic, for Apple, and now for |
| 2:10.1 | Open AI. In terms of return, down about 3.85% year to date, down 14.73% over the past 52 weeks. But as the caller mentioned, |
| 2:21.7 | up 4.8% today on the back of some decent earnings. They have been trading pretty expensive, |
| 2:30.3 | as expensive as 41.9 times price to forward-looking earnings, currently sitting at about 27 times, |
| 2:36.2 | 18 and a half times book value, near the middle of their range, though slightly above their average. |
| 2:44.2 | Now, in the past couple of years, revenue growth with this AI buildout has exploded. In fact, |
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