Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.
About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said.
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Jack Dorsey’s Block to cut workforce by ‘nearly half’ as it leans on AI tools
Group’s shares surge 25% as CEO says ‘most companies are late’ to realise how much technology will affect employment
Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment…
Jack Dorsey's Block to Lay Off Over 4,000 Employees
Block, led by Jack Dorsey, announced it is laying off more than 4,000 employees, which constitutes about half of its total workforce.
Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI
‘Intelligence tools have changed what it means to build and run a company,’ CEO Jack Dorsey says