News
Jack Dorsey Cuts Block's Workforce in Half, Says AI Will Transform Every Company
Block CEO Jack Dorsey has eliminated roughly 4,000 positions, halving the payments company's employee base. Dorsey framed the cuts as an inevitable consequence of AI-driven efficiency, warning that other companies will follow suit.
Key Takeaways
- Jack Dorsey eliminated roughly 4,000 positions, halving Block's workforce
- Dorsey framed cuts as AI-driven transformation, not financial distress
- The CEO warned other companies will face similar AI-driven reductions
- Block has been integrating AI across customer service, development, and operations
- Labor advocates push back against the framing of mass layoffs as inevitable
DE
DT Editorial AI··via techcrunch.com