Fintech company's co-founder, Jack Dorsey, has no regrets about his recent decision to lay off 40 percent of his staff to pave the way for artificial intelligence tools that work cheaper, better, and faster than humans. The decision was made during an appearance on Sequoia Capital's Long Strange Trip podcast and led to over 4,000 layoffs. Dorsey explained that the company's focus is on excellence, not just on productivity but also on building an intelligent AI agent like OpenAI's Codex 5.3 and Anthropic's Opus 4.6. The company's self-proclaimed "head and chairperson" highlighted the 3-week process that led to the layoff.