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Jack Dorsey Isn’t Telling the Real Story About Block’s AI Layoffs, Insider Says

"This isn’t an AI story. It's organizational bloat wearing an AI costume." The post Jack Dorsey Isn’t Telling the Real Story ...

AI-washing: How companies like Block may use AI as a layoff excuse

The possibility that companies are spinning employees and investors and using AI as a shiny excuse for ugly layoffs has ...

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

"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...

Block CEO Jack Dorsey cites AI for layoff of nearly 50% of workers

Oakland-based Block Inc. is set to layoff over 4,000 employees and its CEO cited AI as the reason.

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...