Block’s Dorsey Outlines AI-Powered Vision to Cut Middle Managers

Jack Dorsey is pitching artificial intelligence as a replacement for middle managers in his reimagined view of how technology ...

Dorsey shares AI-integrated workplace vision weeks after Block’s 40% staff cut

Jack Dorsey is pivoting his company toward a model in which AI handles middle-management tasks, including tracking projects and sharing critical information to speed decision-making and workflows.
CNBC

Block plunges 20% as Cash App miss triggers downgrades

Block shares were on track for their second-worst day, plunging more than 20% after a brutal quarterly report and a wave of analyst downgrades. Analysts flagged fresh concerns around stagnant Cash App ...
Los Angeles Times

Block to cut more than 4,000 jobs amid AI disruption of the workplace

This is read by an automated voice. Please report any issues or inconsistencies here. Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as ...