Cutting Block - Search News

Jack Dorsey cuts nearly half of Block workforce

· 8h · on MSN

Jack Dorsey cuts nearly half of Block workforce amid major AI overhaul

Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout its operations.

Continue reading

FinTech Magazine · 10h

Why is Block Cutting 40% of its Workforce?

Jack Dorsey Cut Half of Block’s Workforce and Wall Street Threw a Party

Block shares soar as Dorsey leans on AI to trim workforce

Block (XYZ.N) shares soared more than 20% in premarket trading on Friday after it announced it would nearly halve its workforce as part of an overhaul to embed artificial intelligence tools across its...

Continue reading

Jack Dorsey's Block cuts thousands of jobs as it embraces AI

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

CEO Jack Dorsey issues a dire warning about AI's impact as he cuts Block by almost half

"A significantly smaller team using the tools we're building can do more and do it better. And intelligence tool capabilities are compounding faster every single week," Dorsey said

Continue reading

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Block to Cut 4,000 Workers as AI Replaces Jobs -- Update

14h

Jack Dorsey Cut 4,000 Jobs For AI And Wall Street Added $8 Billion

Block's stock surged 24% after the biggest AI-driven layoff yet. The market's reaction just created an instruction manual for every CEO in tech.

1don MSN

Block to cut more than 4,000 jobs amid AI disruption of the workplace

The company plans to off thousands of people as AI changes the way people work.

Block Inc. announces layoffs amid cost-cutting drive

Block Inc. has announced a new round of layoffs to streamline operations and improve profitability amid ongoing economic