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Is Block’s Decision To Layoff 40% of Its Workforce A Bellwether Or Not? · NabkaNews

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Is Block’s Decision To Layoff 40% of Its Workforce A Bellwether Or Not?

Josh Bersin·Mar 2

✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source

Block is laying off 40% of its workforce, with the company citing ai as a factor. The move has drawn various reactions, including a surge in the company's shares. The CEO reportedly expects other firms to make similar cuts in the future, though the reasoning behind the layoffs has been met with some skepticism.

Full coverage

Block Lays Off 40% Of Staff And Blames It On AI. Don’t Buy The Excuse.

Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake

Block shares soar as much as 24% as company slashes workforce by nearly half

Block layoffs: Tech company slashes staff by 40%

LiveNOW from FOX·Feb 26

In a 600-word X post, Jack Dorsey justifies his decision to lay off 40% of Block’s workforce

Fast Company·Feb 27

Jack Dorsey lays off 40% of Block because of AI and sees most firms making similar cuts in next year

Fortune·Feb 27

Jack Dorsey just laid off 40% of staff. He said he's still hiring AI engineers.

Business Insider·Feb 26

Block Lays Off 40% of Staff Citing AI. CEO Dorsey Says Other Firms Will Make Similar Moves.

Investopedia·Feb 27

View original report at Josh Bersin ↗