The CEO of Block, Inc., announced layoffs of about half its workforce on Feb. 26, citing AI as the reason for the large cuts ...
Jack Dorsey faces backlash after Block’s $68 million party preceded mass layoffs, as AI strategy and stock surge spark debate ...
Jack Dorsey-led Block has cut over 4,000 jobs, or nearly half its workforce, amid an AI boom. The Twitter co-founder said ...
Jack Dorsey cuts more than 4,000 jobs at Block, shrinking the company by nearly half as he pivots toward smaller teams and AI ...
A global technology company founded in 2009, San Francisco-based Block operates in the United States, Canada, parts of Europe ...
8hon MSN
Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same
Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...
Jack Dorsey, founder of Twitter, has announced significant layoffs at Block, cutting over 4,000 jobs and nearly halving the workforce. He emphasized the decision was necessary to address current ...
Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, reconfiguring ...
Block announced it will lay off 40% of its workforce as it shifts focus toward expanding its use of artificial intelligence.
Block stock soared almost 24% in after-hours trading Thursday after the company’s CEO Jack Dorsey announced the fintech ...
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