News@lemmy.world · 11 days ago

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

www.cnn.com

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

www.cnn.com

return2ozma@lemmy.world to

News@lemmy.world · 11 days ago

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same | CNN Business

www.cnn.com

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey.

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10 days ago
Just found it? Companies like Amazon have been doing layoffs under the guise of AI for a couple years now.

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