Analysis
Block, the payment company founded by former Twitter CEO Jack Dorsey, is embracing AI to streamline operations and boost productivity. This strategic move, involving significant layoffs, aims to create a more agile and efficient workforce, leveraging AI for automation.
Key Takeaways
- •Block, the company behind Square and Cash App, is cutting nearly half its workforce, citing AI-driven efficiency.
- •Former Twitter CEO Jack Dorsey is leading the transformation, anticipating that many companies will follow suit.
- •The company is providing generous severance packages to departing employees to facilitate the transition.
Reference / Citation
View Original"Dorsey said: "I'd rather be transparently and at our own pace get there, than be forced into it passively.""