Hosted on MSN

Jack Dorsey’s Block to lay off 40% of its workforce in AI remake

Block, the payments company founded by Jack Dorsey that includes Square and Cash App, said Thursday that it plans to lay off 40% of its workforce, or more than 4,000 employees. Dorsey alluded to ...
Hosted on MSN

Jack Dorsey’s Block To Lay Off Nearly Half of Its 10,000 people Workforce, Stock Rockets 20%

Shares of Jack Dorsey led Block (XYZ) said on Thursday it will lay off more than 4000 people from its 10,000 people workforce, sending shares up 20% in extended hours of trading on Thursday. “We're ...
AOL

Block laying off 40 percent of staff, citing AI advancements

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.
hcamag.com

Inside Block's major lay-off: Staff disagree on AI's potential to replace humans

A wave of discontent is building inside Block after chief executive Jack Dorsey credited artificial intelligence in a recent major lay-off that impacted nearly half of its workforce, according to ...
Wall Street Journal

Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake

Block XYZ4.99%increase; green up pointing triangle, the payments company founded by Jack Dorsey that includes Square and Cash App, said Thursday that it plans to lay off 40% of its workforce, or more ...