Jack Dorsey's mea culpa on Block layoffs: 'We overhired'

Jack Dorsey told Block staff that the layoffs were not due to AI. Joe Raedle/Getty Images Jack Dorsey said Block overhired during COVID after building two company structures. Block slashed nearly half its workforce in a single sweeping round of layoffs on Thursday. Dorsey said AI and smaller teams are driving a 'new way of working.' Jack Dorsey is taking responsibility for a key mistake behind Block's sweeping job cuts. "Yes we over-hired during COVID," the Block cofounder and CEO wrote Fri...