Md Saiful 1997

#BlockAILayoffs Block Cuts 4,000+ Jobs in AI Restructuring Block, the financial technology company led by Jack Dorsey, has announced that it will cut more than 4,000 jobs — nearly 40% of its workforce. The company says the decision is part of a major shift toward using Artificial Intelligence (AI) to improve efficiency. Block explained that the layoffs are not due to financial problems, but because AI tools now allow the company to operate with smaller teams. After the announcement, the company’s stock price increased, showing investor support for the move. Affected employees will receive severance packages, including several weeks of pay and healthcare benefits.