#fintech-industry

[ follow ]
#ai-driven-layoffs #ai-and-workforce-displacement #corporate-layoffs #ai-capabilities-and-limitations
Tech industry
fromwww.theguardian.com
2 weeks ago

Current and former Block workers say AI can't do their jobs after Jack Dorsey's mass layoffs: You can't really AI that'

Block CEO Jack Dorsey laid off nearly half the workforce citing AI productivity gains, but current and former employees dispute claims that AI tools can replace workers at this scale.
Venture
fromFuturism
3 weeks ago

Jack Dorsey Lays Off 4,000 Employees After Move to AI

Block Inc laid off nearly 40 percent of its workforce to embrace AI and operate with smaller, flatter teams, despite strong financial performance and growing profitability.
#ai-driven-layoffs
more#ai-driven-layoffs
Tech industry
fromFast Company
3 weeks 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.
[ Load more ]