In this article
Block CEO Jack Dorsey’s move to cut nearly half the company’s workforce is shining a spotlight on a growing question for corporate America: whether advances in artificial intelligence will ultimately mean fewer workers.
In an earnings call Thursday, Dorsey said Block will cut about 4,000 jobs.
Dorsey framed the move as more than a cost-cutting exercise, instead describing a shift in how companies operate as artificial intelligence becomes more central to business decisions.
He also suggested other companies will follow suit.
