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Fuck AI@lemmy.world · 11 days ago

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

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Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Sahwa@reddthat.com to

Fuck AI@lemmy.world · 11 days ago

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same | CNN Business

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey.

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11 days ago
No, the layoffs are because we’re in a recession. They gesture at AI to stop investors from panicking.

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