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Fintech company Block Lay's off 4,000 of its 10,000 staff

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 · 7h
Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI
Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to efficiency gains from artificial intelligence.

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 · 11h · on MSN
Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same
 · 3h
Jack Dorsey’s Block slashes nearly half its staff in AI bet
13h

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 ...
13h

Block Stock Rallies After Analysts Praise Earnings and Layoffs

Shares of Block rallied after co-founder Jack Dorsey announced a plan to cut nearly half the payment company's workforce and ...
1d

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...
10h

Block stock surges post layoffs, raising AI alarm bells

Block stock soared almost 24% in after-hours trading Thursday after the company’s CEO Jack Dorsey announced the fintech ...

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