Block shares rise 20% after Jack Dorsey announces wide-scale layoffs to leverage AI opportunities
Block Reports Job Cuts and AI Adoption Shares of Block, a financial technology firm, surged by as much as 20% during Friday’s trading after CEO Jack Dorsey announced significant layoffs and a complete shift toward artificial intelligence tools. Notably, Dorsey, who co-founded Twitter, indicated that the company plans to reduce its workforce by about 40%, […]