Block's Layoffs Highlight Tumultuous Week in Tech

Jack Dorsey's payments company, Block, announced significant layoffs, cutting 6,000 of its 10,000 workers as it embraces AI, a move deemed a major story of the week.

27 Feb, 11:14 — 27 Feb, 11:14

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cnbcMostly Factual50d ago

Opinion: Block's layoffs might just be the biggest story of a tumultuous week. Here's why

Block, Jack Dorsey's payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's the biggest story of the week.

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Block's Layoffs Highlight Tumultuous Week in Tech

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Opinion: Block's layoffs might just be the biggest story of a tumultuous week. Here's why

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