Jack Dorsey’s Block cuts 40% of staff, 4,000+ people — and yes, it’s because of AI efficiencies
via block.xyz
Short excerpt below. Read at the original source.
Former Twitter co-founder Jack Dorsey’s new company Block — the parent of merchants payment system Square, mobile peer-to-peer payments Cash App, music streamer Tidal, and open source AI agentic system Goose — is sending shockwaves across the business world tonight after announcing a more than 40% headcount, cutting its workforce by more than 4,000 people […]