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65 Block Cuts Workforce by 40% in AI Bet

The Information
Michael Roddan @ The Information · today 17:07 EDT

Block Cuts Workforce by 40% in AI Bet

Block co-founder Jack Dorsey said his payments company plans to lay off 40% of its staff as it believes artificial intelligence tools can help a smaller workforce “do more and do it better.” In a letter to investors published Wednesday, Dorsey said Block plans to cut its 10,000-strong workforce ...

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