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The Latest Breaking News from Jack Dorsey

Block Stock Surges 20% After Jack Dorsey’s AI Layoff Bet — Buy, Hold, or Sell?

Investors reward Block’s AI shift, even as thousands lose jobs, but it’s still a risky bet.

Barchart

3 questions every CEO needs to ask about the AI jobs doom loop in the wake of Jack Dorsey’s dramatic 40% layoffs at Block

Dorsey’s move sparked fresh debate about AI’s impact on jobs after a week dominated by doomsday scenarios.

Fortune

OpenAI investor Vinod Khosla predicts today’s 5-year-olds won’t ever need to get jobs thanks to AI

“The need to work will go away,” Khosla said. “People will still work on the things they want to work on, not because they need to work.”

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

What was really behind Jack Dorsey laying off nearly half of Block’s staff?

CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play

The Guardian - US

She joined Block to build AI. Weeks later, AI cost her job.

Block cut more than 4,000 jobs, citing efficiency gains from AI, underscoring how even AI-focused roles are vulnerable in today’s tech restructuring.

Fortune

Have good taste? It may just get you a job during the AI jobs apocalypse, says Sam Altman

Tech insiders argue judgment and discernment could give humans an edge over AI.

Fortune

Jack Dorsey's Block Questioned Over $68 Million Party Precedes Shocking 4,000 Layoff Allegedly Disguised as Company Strategy

Jack Dorsey's Block is criticized for spending $68 million on a party before laying off 4,000 employees, raising questions about financial priorities.

International Business Times UK

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Block CEO Jack Dorsey lays off nearly half of his staff because of AI and predicts most companies will make similar cuts in the next year

The former Twitter CEO said AI was “enabling a new way of working” as his company scales back its workforce as a result of AI productivity gains.

Fortune

Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block

Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits

The Guardian - US

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

International Business Times

Jack Dorsey Announces 4,000 Job Cuts at Block as AI Push Sends Shares Soaring

Jack Dorsey plans to cut 4,000 jobs at Block, citing AI-led efficiency. The move has excited investors, with shares surging 27% post-announcement.

International Business Times UK

'We see an opportunity to move faster with smaller, highly talented teams using AI to automate more work': Block decimates workforce in favor of AI

Jack Dorsey's Block will remove 4,000 workers from its 10,000-strong team, all because AI can get the job done for less.

TechRadar

Hillary Clinton Knows Nothing

Plus: AI layoffs, Paramount wins Warner Bros., and the Trump-Mamdani bromance.

Reason

Jack Dorsey's Block cuts roughly 50% of jobs as it embraces AI and shares jump

Block CEO Jack Dorsey has announced a radical restructuring that will see nearly half of the company’s workforce made redundant. Shares surged by 23.5% in after-hours trading.

Euronews

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The Independent UK

Asian shares are mixed after Nvidia's losses pull Wall St lower, as AI-linked layoffs rattle markets

Shares are mixed in Asia after the worst day for Nvidia’s stock since last spring dragged the U.S. market lower

The Independent UK

Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to efficiency gains from artificial intelligence

The Independent UK

Jack Dorsey fires nearly half the staff at Block as he goes fully in on AI

Block, which owns payment service Cash App, went from more than 10,000 employees to just under 6,000 Thursday

International Business Times UK

800 Billion Reasons to Watch xAI: Inside the Funding Round That Made Musk Untouchable

Elon Musk sets the record for the first person worth $800 as his xAI and X (formerly Twitter) are now worth more than ever

Get all your
news in one place.

100’s of premium titles.
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Windows Central

OpenAI just made ChatGPT images 4x faster and easier on the eyes — now CEO Sam Altman faces the GPU crunch

OpenAI has unveiled ChatGPT Images with new capabilities, which Sam Altman described as “something fun.” The update promises greater precision, enhanced creativity, and is said to be four times faster.

Benzinga

Cybertruck 'The Best Robot Out There,' Says Jack Dorsey As Elon Musk Takes Note

Over the weekend, Block Inc. (NYSE:XYZ) CEO and Twitter co-founder Jack Dorsey praised Tesla Inc.'s (NASDAQ:TSLA) electric utility truck.

Creative Bloq

The return of Vine is my favourite internet plot twist of 2025

International Business Times UK

Elon Musk's Grokipedia Sparks Concern as New Study Flags' Questionable' Sources

Study warns Elon Musk's Grokipedia uses 'questionable' sources, raising reliability and credibility concerns.

International Business Times UK

Jack Dorsey's diVine App Unlike Other Social Media As It Bans AI-Generated Content — Release Date, Other Details

Jack Dorsey has something exciting for Vine fans. After shutting down the popular app, Dorsey finally funded a new version called diVine.

International Business Times UK

Jack Dorsey's diVine Bets on Anti-AI Content—Can It Rescue Original Creators?

Jack Dorsey is working to reboot the popular short-form video-sharing app Vine and ban AI-generated content to cater to those seeking original material and support creators.

Fortune

After shutting down Vine in 2017, former Twitter CEO Jack Dorsey invests in a reboot of the app with more than 10,000 archived six-second videos

“Can we do something that’s kind of nostalgic?” asked Evan Henshaw-Plath, the leader of the project.

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