Moody's Economist Mark Zandi has warned of 'outright Job Losses' due to artificial intelligence, following the announcement of 4,000 job cuts by Block CEO Jack Dorsey. Zandi believes that AI could be a smokescreen for other reasons for these job cuts, and that the surge in Block's shares after the layoffs announcement could indicate other companies may be rewarded. He also highlighted a chart showing that higher AI adoption is linked with weaker hiring, suggesting that AI use could be negatively impacting job growth. The latest jobs report revealed that the economy lost 92,000 nonfarm jobs in February, while analysts expected it to add about 50,000 jobs.