Update (Feb.27, 1:25 Am UTC): This article has been updated to include more information on Block’s job cuts and earnings results. Jack Dorsey’s payments company Block will cut roughly 40% of its staff ...
The company’s 50% headcount reduction adds to a wave of AI‑cited cuts across tech, even among profitable firms, as forecasts warn of permanent, automation‑driven losses deeper than the Great Recession ...
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