Based on news reporting.
Block, co-founded by Jack Dorsey, has laid off 40% of its staff as part of a strategic shift towards artificial intelligence. This decision reflects the company's efforts to adapt to changing market demands and technological advancements. The layoffs, affecting approximately 400 employees, highlight the ongoing challenges in the tech industry as companies streamline operations. Dorsey elaborated on the rationale behind this significant workforce reduction, emphasizing the need for innovation and efficiency in a competitive landscape.
Block cut 400 jobs as of October 1, 2023.
That is roughly 5.7% of the 7,000 people Block employs.
LayoffTalk has tracked 36 layoff events at Block since June 2023, affecting a combined 18,912 employees.
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