Jack Dorsey's Block is criticized for spending $68 million on a party before laying off 4,000 employees, raising questions about financial priorities.
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Jack Dorsey's Block cuts 40% of staff, 4,000+ people — and yes, it's because of AI efficiencies
Executives should begin by auditing their own internal workflows to identify where agentic AI can consolidate roles and flatten management hierarchies.
Block is cutting more than 4,000 jobs, nearly half its workforce. Founder Jack Dorsey insists the move is strategic, not financial, but critics question the timing.
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