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International Business Times
International Business Times
Business
Brian Slupski

CEO Says AI is Main Reason For Laying Off Nearly Half of His Employees: 'Can Do More And Do It Better'

Block CEO Jack Dorsey announces massive layoffs. (Credit: AFP / Marco BELLO)

Block CEO Jack Dorsey announced that he was laying off 40 percent of the company's workforce, citing improved efficiency from AI as the reason.

In the post on X, Dorsey used all lowercase.

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