Dorsey's Block Fires Nearly Half Of The Company In 'Massive' AI Bet, Sending Shares Soaring
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Source: Zero Hedge
Published: 2026-02-27 08:40 UTC+10:00
Section: General
Factuality Score: 90
Opinion Category: Neutral
Topics: Politics, Technology & AI, Financial Markets
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Snippet:
One week after WIRED reported that things were pretty dismal over at Jack Dorsey's payment processing company Block (formerly Square), the company announced that they are cutting 4,000 employees - nearly half of their headcount - in order to invest 'heavily' in artificial intelligence tools to run more efficiently, including its own called Goose, Bloomberg reports.
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