Jack Dorsey’s Block cuts nearly half of its staff in AI gamble
Jack Dorsey blames AI for cutting nearly half of Block's workforce. But a closer look at the company's history of overhiring and structural problems tells a different story. The article Block cuts nearly half its workforce as Dorsey credits AI, but the real reasons predate the hype appeared first on
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Jack Dorsey's Block, the financial tech company that runs Square and the Cash app, is cutting its workforce by "nearly half" and axing more than 4,000 jobs. The company will shrink from more than 10,000 people to less than 6,000, Dorsey says in a post on X. And the reason why? AI. "We're not making
Jack Dorsey blames AI for cutting nearly half of Block's workforce. But a closer look at the company's history of overhiring and structural problems tells a different story. The article Block cuts nearly half its workforce as Dorsey credits AI, but the real reasons predate the hype appeared first on