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Fintech company Block Lay's off 4,000 of its 10,000 staff

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 · 4d
Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI
Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to efficiency gains from artificial intelligence.

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 · 4d · on MSN
Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI
 · 4d · on MSN
Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same
4don MSN

Block shares soar as much as 24% as company slashes workforce by nearly half

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count.
4don MSN

In a 600-word X post, Jack Dorsey justifies his decision to lay off 40% of Block’s workforce

The all-lowercase public letter to staff elaborates on why Dorsey slashed headcount at the fintech company by thousands—to ...
4d

Jack Dorsey struck an 'empathetic' tone as he laid off nearly half of Block

The CEO's empathetic and transparent tone and a relatively generous layoff package, are gaining respect amid a 40% workforce reduction at Block.
5don MSN

Jack Dorsey slashes 40% of Block staff despite rising profits

Jack Dorsey's Block reports earnings and fires 40% staff.

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