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Block layoffs: Jack Dorsey's firm to let over 4,000 employees go in AI overhaul, shares soar 27%

Block layoffs: Jack Dorsey's firm to let over 4,000 employees go in AI overhaul, shares soar 27%

The job cuts at Block is the latest case among fintech and the broader technology sector, where companies have eliminated workforce while pointing at AI as the catalyst.

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