#ai-driven-workforce-optimization

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#artificial-intelligence-and-employment #corporate-restructuring #financial-technology
Artificial intelligence
fromFast Company
13 hours ago

Jack Dorsey's fintech company Block is laying off thousands, citing gains from AI

Block laid off 40% of its workforce citing AI tools enabling smaller teams to work more efficiently, causing stock to surge 20% as investors viewed the move as profit-enhancing.
Tech industry
fromBusiness Insider
1 day ago

Jack Dorsey just laid off 40% of staff. He said he's still hiring AI engineers.

Block cut 40% of its workforce while maintaining strong business performance, attributing the reduction to AI-driven productivity gains that enable smaller teams to accomplish more work in less time.
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