In a move that has rattled employees but excited investors, Jack Dorsey has announced plans to cut around 4,000 jobs at fintech firm Block, citing a sweeping shift toward artificial intelligence-led efficiency. Within hours of the announcement, the Nasdaq-listed company's shares surged by as much as 27% in post-market trading.
The decision marks one of the most significant restructurings in the fintech sector this year and signals a deeper shift in how technology firms are redefining workforce needs in the AI era.
