#fintech-layoffs

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fromBusiness Insider
8 hours ago

Jack Dorsey just laid off 40% of staff. He said he's still hiring AI engineers.

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. AI is unlocking a new way of working with smaller and flatter teams.
Tech industry
Venture
fromEngadget
11 hours ago

Block, the parent of Square and Cash App, is laying off over 4,000 people

Block is cutting its workforce from 10,000 to under 6,000 employees, replacing human workers with AI tools to increase efficiency and reduce operational costs.
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