Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

www.cnn.com

cross-posted to:
fuck_ai@lemmy.world

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

www.cnn.com

return2ozma@lemmy.worldBanned from community to

News@lemmy.world · 1 month ago

cross-posted to:
fuck_ai@lemmy.world

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same | CNN Business

www.cnn.com

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey.

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1 month ago
Just found it? Companies like Amazon have been doing layoffs under the guise of AI for a couple years now.

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