"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...
The possibility that companies are spinning employees and investors and using AI as a shiny excuse for ugly layoffs has ...
8don 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 ...
The company said the plan would cost it $450 million to $500 million in expenses and severance.
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