Jack Dorsey Admits Block "Overhired" Leading to Layoffs
Jack Dorsey informed Block staff that recent layoffs were due to overhiring during COVID, not AI, after the company slashed nearly half its workforce.
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Read full article →Jack Dorsey's mea culpa on Block layoffs: 'We overhired'
Jack Dorsey told Block staff that the layoffs were not due to AI. Joe Raedle/Getty Images Jack Dorsey said Block overhired during COVID after building two company structures. Block slashed nearly half its workforce in a single sweeping round of layoffs on Thursday. Dorsey said AI and smaller teams are driving a 'new way of working.' Jack Dorsey is taking responsibility for a key mistake behind Block's sweeping job cuts. "Yes we over-hired during COVID," the Block cofounder and CEO wrote Fri...
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