Twitter co-founder Jack Dorsey-led Block on Thursday said it will cut over 4,000 jobs, or nearly half its workforce, amid an AI boom.
“Intelligence tools have changed what it means to build and run a company. We’re already seeing it internally. A significantly smaller team, using the tools, can do more and do it better,” Dorsey said in a statement.
“I don’t think we’re early to this realisation. I think most companies are late,” he added.
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