Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

The Guardian business

Key Points:

  • Fintech company Block announced that it would be laying off 4,000 of its 10,000 employees because of gains in AI productivity.
  • “Intelligence tools have changed what it means to build and run a company

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