Jack Dorsey just caused a stir by laying off over 4,000 employees – nearly half the company – in a single cutback. Notably, instead of collapsing, Block, Inc.'s stock surged 22%.
Block – the company behind Cash App, Square, and Afterpay – announced this was the largest “AI-driven” layoff in corporate history. The workforce was cut from 10,000 to under 6,000 employees, even though the company remains profitable and revenue is growing.
Dorsey emphasized that this is not a sign of crisis but a strategic choice. According to him, AI tools have changed how businesses are built and operated. A s
View Original