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Opinion: Block's layoffs might just be the biggest story of a tumultuous week. Here's why
Block, Jack Dorsey's payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's the biggest story of the week.
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cnbc.com
Opinion: Block's layoffs might just be the biggest story of a tumultuous week. Here's why
Block, Jack Dorsey's payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's the biggest story of the week.
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theguardian.com
Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block
Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits
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Are Jack Dorsey's aggressive job cuts the start of an AI jobs apocalypse? Economists weigh in
Economists question whether such moves signal a broader shift in the labor market or simply reflect company-specific adjustments.