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Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.
Block, the payments company founded by Jack Dorsey, is cutting approximately 40% of its workforce, resulting in around 4,000 job losses. The company attributed the reductions to its increased adoption of artificial intelligence tools, which are taking over tasks previously performed by human workers. The move reflects a broader trend of technology companies restructuring workforces as AI capabilities expand.