Twitter Co-Founder Jack Dorsey Cuts Over 4,000 Jobs at Block

Twitter co-founder Jack Dorsey said that his company, Block, will reduce its workforce by nearly half, cutting more than 4,000 employees and shrinking the company from over 10,000 staff to just under 6,000. The company is reportedly laying off staff become of AI tools potentially making them redundant.   AI-Driven Layoffs Continue In a note to employees, Dorsey described the move as “one of the hardest decisions” in the company’s history. He said the layoffs were not driven by financial distress, stating that gross profit continues to grow and profitability is improving source: https://beincrypto.com/jack-dorsey-block-massive-layoff-ai/