#tech-industry-restructuring

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Tech industry
fromsfist.com
3 hours ago

SF-Based Fintech Block Lays Off Nearly Half Its Staff, Because of AI

Block laid off 40% of its workforce due to AI tools enabling smaller teams to accomplish more work efficiently and profitably.
fromBusiness Insider
21 hours ago

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

We're not making this decision because we're in trouble. Our business is strong. Gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. But something has changed. AI is unlocking a new way of working with smaller and flatter teams.
Tech industry
Tech industry
fromSFGATE
23 hours ago

Jack Dorsey lays off 4,000, says others will do same 'within the next year'

Block is laying off nearly half its 10,000+ employees due to AI tools enabling smaller teams to accomplish more work faster and better.
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