After the announcement, Block’s stock jumped up to 27% in extended trade. The layoffs add to fintech and tech cuts, with firms from Amazon to Salesforce citing AI to trim staff.
Jack Dorsey’s Block slashes 4,000 roles in AI-driven overhaul
After the announcement, Block’s stock jumped up to 27% in extended trade. The layoffs add to fintech and tech cuts, with firms from Amazon to Salesforce citing AI to trim staff.