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.”…The RegisterRead More