Jack Dorsey’s Block cuts thousands of jobs as it embraces AI

The layoffs will mean headcount at the company - which owns Square, CashApp and Tidal - will fall to less than 6,000 from 10,000. Kenya breaking news | Kenya news today |..

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Twitter co-founder Jack Dorsey's company Block is implementing significant layoffs, cutting its workforce by nearly half, from 10,000 to less than 6,000 employees.

The company is attributing these redundancies to the transformative impact of artificial intelligence (AI) on how businesses operate.
Other major tech firms like Meta, Microsoft, and Amazon are also reducing staff and increasing AI investments.
Block, which owns Square, CashApp, and Tidal, expects up to $500m in restructuring costs.

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