Jack Dorsey makes a grim prediction about the future of work as he lays off 4,000 Block employees in AI push
Block Inc CEO Jack Dorsey laid off nearly half the workforce, attributing the reduction to AI adoption and claiming proactive positioning ahead of industry-wide restructuring trends.
Jack Dorsey shrinks Block to 'intelligencenative' model, cutting 4,000 jobs
Intelligence tools have changed what it means to build and run a company. A significantly smaller team, using the tools we're building, can do more and do it better. And intelligence tool capabilities are compounding faster every week.
Block's Jack Dorsey wants nimble and quick. He thinks AI will do the trick.
Block CEO Jack Dorsey cut nearly half of the company's 10,000 employees due to AI capabilities increasing worker productivity by 40%, enabling fewer staff to accomplish the same work.