Block Layoffs: After cutting 4,000 jobs, Block CEO Jack Dorsey outlines AI future for the company; tells employees: We aim to … |
In February this year, Jack Dorsey’s Block laid off around 4,000 employees which is nearly 40% of its workforce citing advances in artificial intelligence as a main reason for the restructuring. CEO Jack Dorsey told the investors that “a smaller team using the tools we’re building can do more and do it better.” Now in…