Jack Dorsey Cuts Block Workforce by 40% to Embrace AI Efficiency
Block CEO Jack Dorsey announced a drastic 40% workforce reduction, cutting over 4,000 jobs from more than 10,000 to under 6,000, explicitly attributing the move to AI-driven efficiency gains. In a detailed 600-word X post, he justified the decision as a proactive shift to smaller teams empowered by intelligence tools....