Block Lays Off ~4,000 Workers, CEO Jack Dorsey Suggests AI Replaces Workers

Block has laid off approximately 4,000 workers, or about 40% of its workforce. Co-founder and CEO Jack Dorsey hinted that AI was replacing human labor, stating: “A significantly smaller team, using the tools we’re building, can do more and do it better. And intelligence tool capabilities are compounding faster every week” (via CNN Business).