Jack
The first Block fallsThe AI-driven job apocalypse is no longer a hypothetical.Block CEO and cofounder Jack Dorsey gutted his fintech company, restructuring it into smaller, flatter teams built to move fast and embrace what he calls “a new way of working.”He put it bluntly: “we’re not making this decision because…
Jack Dorsey is taking responsibility for a key mistake behind Block’s sweeping job cuts.”Yes we over-hired during COVID,” the Block cofounder and CEO wrote Friday on X, responding to criticism that the company’s recent layoffs reflected managerial incompetence.The admission comes a day after Dorsey announced he was slashing nearly half…
White-collar workers, beware.CEO Jack Dorsey is departing from the classic tech layoff playbook — and it could be a sign of what’s to come.In a post on X on Thursday, the billionaire said he’s slashing nearly half Block’s workforce, cutting its over 10,000-person staff to just under 6,000. He said…
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