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Block CEO Jack Dorsey Outlines AI Future After 4,000 Job Cuts

Jack Dorsey's company, Block, is undergoing a radical restructuring, laying off 4,000 employees and aiming to embed AI deeply into its operations to become a 'mini-AGI' by eliminating traditional middle management.

1 Apr, 09:42 — 1 Apr, 09:42
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Times of IndiaMostly Factual17d ago

After cutting 4,000 jobs, Block CEO Jack Dorsey outlines AI future for the company

Jack Dorsey's Block is undergoing a radical restructuring, laying off 40% of its workforce and aiming to embed AI deeply into its operations to become a "mini-AGI." The company plans to eliminate traditional middle management, replacing it with individual contributors, directly responsible individuals, and player-coaches, all coordinated by a continuously updated AI model of the business.

By TOI TECH DESK

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Coverage Timeline

First report: bloomberg · 31 Mar, 19:05Full coverage: 2 · 15hWindow: 15h
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bloomberg31 Mar, 19:05First to report

Block’s Dorsey Outlines AI-Powered Vision to Cut Middle Managers - bloomberg.com

15h later
Times of India1 Apr, 09:42Latest update

After cutting 4,000 jobs, Block CEO Jack Dorsey outlines AI future for the company

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