Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

Block, the payments company, is cutting 40% of its workforce—approximately 4,000 employees—as it shifts operations toward artificial intelligence tools. CEO Jack Dorsey stated the company will handle more work with fewer staff by leveraging AI automation. This reflects a broader industry trend of companies using AI to reduce labor costs and increase efficiency, raising concerns about AI-driven job displacement in tech sectors.