Jack Dorsey’s fintech outfit Block announces 40% layoffs, blames AI, gets 23% stock bump
One massive round of firings is apparently better for morale than a drip-drip-drip of death Twitter co-founder Jack Dorsey's financial services company Block has announced it will fire 40 percent of staff - around 4,000 people - because new "intelligence tools" the company is implementing can do more and do it better."...