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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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cnbc.com
Block shares soar 24% as company slashes workforce by nearly half
Block said Thursday it's laying off more than 4,000 employees, or about half of its headcount.
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ft.com
Jack Dorsey’s Block to cut workforce by ‘nearly half’ as it leans on AI tools
Group’s shares surge 25% as CEO says ‘most companies are late’ to realise how much technology will affect employment
