Block Cuts Thousands of Jobs as Jack Dorsey Embraces AI

What Happened Block, the payments company founded by Twitter co-founder Jack Dorsey, has eliminated thousands of positions across its workforce in what the company describes as a strategic pivot toward AI-powered operations. The exact number of job cuts was not disclosed, but the layoffs represent a significant portion of Block’s employee base. Dorsey, who serves as Block’s CEO, made the announcement alongside a broader prediction about the future of work. He stated that he expects most companies to implement similar AI-driven workforce reductions within the next 12 months as artificial intelligence technology continues to advance and prove cost-effective for business operations.