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fromwww.theguardian.com
10 hours ago
Tech industry

Square parent company Block cuts nearly half of workforce as AI takes jobs

Block laid off 4,000 employees due to AI productivity gains, with CEO Jack Dorsey stating smaller teams using AI tools can accomplish more work more effectively.
fromFast Company
10 hours ago
Tech industry

In a 600-word X post, Jack Dorsey justifies his decision to lay off 40% of Block's workforce

Block CEO Jack Dorsey announced a 40% workforce reduction of over 4,000 employees, attributing the cuts to AI-driven efficiency gains and the need for immediate action rather than gradual layoffs.
more#ai-driven-layoffs
Tech industry
fromFast Company
14 hours ago

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.
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