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'Intelligence Tools Have Changed…’, Jack Dorsey's Block Cuts Over 4,000 Jobs Amid AI Boom Jack Dorsey announced that his tech company Block is reducing its workforce “by nearly half” and cutting down 4,000 jobs. In a raw and transparent note shared with employees and later posted online, Dorsey revealed that the business is not in trouble and is strong, attributing the shift to increased creation, usage, and reliance on "intelligence tools." The founder detailed the severance package the company is offering, including 20 weeks of salary, while apologising to the affected employees for the "awkward and human" transition ahead. #ai #layoffs #jackdorsey #block Mint is an Indian financial daily newspaper published by HT Media. The Mint YT Channel brings you cutting edge analysis of the latest business news and financial news. With in-depth market coverage, explainers and expert opinions, we break down and simplify business news for you. Click here to download the Mint App: https://livemint.onelink.me/MrDS/p0kx... Now make Mint your preferred source on Google and get business & finance updates first. Add here - https://www.google.com/preferences/so... Subscribe to Mint Premium Now: https://www.read.ht/Scaq Subscribe to Mint's WhatsApp Channel: https://whatsapp.com/channel/0029Va91...