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

Block CEO Jack Dorsey warns of AI's impact on jobs after announcing 40% staff cuts, aiming for a leaner, AI-driven company approach.

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.

Jack Dorsey says he's cutting over 4,000 jobs at Block, nearly half of all roles. Read the memo.

Block, led by CEO Jack Dorsey, is cutting over 4,000 jobs, or nearly half the company. Read Dorsey's memo on the cuts.