The impact of AI: Block, the company behind Square, Cash App and Afterpay, has slashed nearly 40 per cent of its workforce, accounting for nearly half in a single round of layoffs

Block is laying off more than 4,000 people, dropping the workforce from over 10,000 employees to just under 6,000. The letter shared by co-founder Jack Dorsey to shareholders highlights the reason for layoffs: “intelligence tools.” Based on the move, Dorsey thinks most companies will follow a similar pattern in the near future. Block said it […]