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Jack Dorsey, Block
Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo.
Block, led by CEO Jack Dorsey, is cutting over 4,000 jobs, or nearly half the company. Read Dorsey's memo on the cuts.
World shares are mostly higher in a week dominated by AI news
Shares are mostly higher in Europe and Asia after the worst day for Nvidia’s stock since last spring dragged the U.S. market lower. U.S. futures fell as investors focused on
Jack Dorsey Bets Block’s Future On AI, Cuts Nearly Half Its Workforce
The fintech company behind Square and Cash App is slashing more than 4,000 jobs as AI has made that many people redundant. Wall Street agrees.
Block shares surge as Jack Dorsey announces AI-driven layoffs of 4,000 workers
Block stock jumped 20% after CEO Jack Dorsey announced 4,000 job cuts, citing AI as key to boosting efficiency and profitability. (Scripps News)
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