Block Announces 4,000 Layoffs, Citing Shift to 'AI-prenoriat'

Tech company Block has announced layoffs of 4,000 employees, stating the decision is not due to poor performance but rather a strategic move towards an 'AI-prenoriat' world.

27 Feb, 15:31 — 27 Feb, 15:31

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the-journal163d ago

Financial services company Block announces it's laying off almost half its staff

Block announced the opening of a European hub for the business in Dublin in January of this year.

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First report: hotnews · 27 Feb, 13:01|Full coverage: 2 · 3h|Window: 3h

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hotnews27 Feb, 13:01First to report

„Bomba Block”: Una dintre cele mai inovatoare companii din lume a concediat 4.000 de angajați din 10.000, nu pentru că îi merge rău, ci pentru că îi merge bine. Reverberațiile au ajuns și în România

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the-journal27 Feb, 15:31Latest update

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Block Announces 4,000 Layoffs, Citing Shift to 'AI-prenoriat'

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Financial services company Block announces it's laying off almost half its staff

Coverage Timeline

„Bomba Block”: Una dintre cele mai inovatoare companii din lume a concediat 4.000 de angajați din 10.000, nu pentru că îi merge rău, ci pentru că îi merge bine. Reverberațiile au ajuns și în România

Financial services company Block announces it's laying off almost half its staff

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