Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it ...
The CEO's empathetic and transparent tone and a relatively generous layoff package, are gaining respect amid a 40% workforce ...
6hon 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, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey.
6hon MSN
Jack Dorsey just halved the size of Block’s employee base — and he says your company is next
Jack Dorsey has long been an open admirer of Elon Musk. Now, it seems, he may have been taking notes.
About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...
The company plans to off thousands of people as AI changes the way people work.
Smart people in tech and VC say Jack Dorsey's Block layoffs are "the canary in the coal mine" when it comes to AI job cuts.
Executives should begin by auditing their own internal workflows to identify where agentic AI can consolidate roles and flatten management hierarchies.
Microsoft has announced that the Microsoft Agent Framework has reached Release Candidate status for both .NET and Python. This milestone indicates that the API surface is stable and feature-complete ...
Financial periods defined as follows: – 1H2025 – Interim reporting period for the six months ended 31 December 2024; – 1H2026 – Interim reporting period for the six months ended 31 December 2025; – ...
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