By Utkarsh Shetti and Manya Saini Feb 27 (Reuters) - Block shares soared more than 16% on Friday after the fintech firm ...

Smart people in tech and VC say Jack Dorsey's Block layoffs are "the canary in the coal mine" when it comes to AI job cuts.

The CEO's empathetic and transparent tone and a relatively generous layoff package, are gaining respect amid a 40% workforce ...

While Jack Dorsey cites AI-enabled productivity gains as the reason for Block's cuts, the deeper shift is in payments plumbing: stablecoin settlement threatens to compress the fee stack that fintech ...

The tech entrepreneur said companies need flatter structures and fewer employees to thrive in the AI era.

Investors cheered Block's big layoffs, but the move also flicks at the tension between markets and the economy Citrini highligthed in its viral AI note.

Light, full, and master nodes are crucial to verifying transactions and storing data on a blockchain network. Discover their ...