← Back

Jack Dorsey’s Block cuts nearly half of its staff in AI gamble

Jack Dorsey's Block, the financial tech company that runs Square and the Cash app, is cutting its workforce by "nearly half" and axing more than 4,000 jobs. The company will shrink from more than 10,000 people to less than 6,000, Dorsey says in a post on X. And the reason why? AI. "We're not making […]

---

Related Articles

• Self-driving truck startup Einride raises $113M PIPE ahead of public debut
• Complying with NCLAT directions on privacy: Meta and WhatsApp
• UPDATE 1-Paramount submits higher offer for Warner Bros Discovery in bid to block Netflix, source says
• Zydus Life gets FDA nod for children’s lung treatment drug bosentan

Source: Original →