Tech industry
fromSFGATE
6 hours agoJack Dorsey lays off 4,000, says others will do same 'within the next year'
Block is laying off nearly half its 10,000+ employees due to AI tools enabling smaller teams to accomplish more work faster and better.
We're not making this decision because we're in trouble. Our business is strong. Gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. But something has changed. We're already seeing that the intelligence tools we're creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company.