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Block cuts nearly half its workforce as Dorsey credits AI, but the real reasons predate the hype
Jack Dorsey blames AI for cutting nearly half of Block's workforce. But a closer look at the company's history of overhiring and structural problems tells a different story.
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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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bbc.com
Jack Dorsey's Block cuts thousands of roles as it embraces AI
The Twitter co-founder says artificial intelligence "fundamentally changes what it means to build and run a company."
