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Jack Dorsey’s Block to lay off 40% of its workforce in AI remake

Block, the payments company founded by Jack Dorsey that includes Square and Cash App, said Thursday that it plans to lay off 40% of its workforce, or more than 4,000 employees. Dorsey alluded to ...
The Hill

Block laying off 40 percent of staff, citing AI advancements

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.
Engadget

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

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by ...
The New York Times

Block Uses A.I. as Excuse for Laying off 40% of the Company

new video loaded: Block Uses A.I. as Excuse for Laying off 40% of the Company transcript The financial services company Block recently laid off nearly 40 percent of its employees. On “Hard Fork” from ...