Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by Twitter founder Jack Dorsey, is slashing its current staff of 10,000 to "just under 6,000." CNBC highlighted a letter Block sent to shareholders announcing the decision to nearly halve its workforce. According to the message from Dorsey:
Do you need to respond to every message? There’s often someone who feels the need to type out a reply to every post, even if it’s just to say “thanks.” But doing so in a big group might be somewhat akin to an email reply-all storm.
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