Block is rehiring a small number of workers it laid off, employees say

Jack Dorsey's Block laid off over 4,000 employees. A select few have been rehired, according to LinkedIn posts.

Block’s Huge Layoff Shows An Ugly Future For Workers

The fintech company behind Stripe payment processing and other financial services laid off almost half its personnel. Was it really AI or an excuse? And does it matter?
Yahoo Finance

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

BANGKOK (AP) — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, ...

AI-washing: How companies like Block may use AI as a layoff excuse

The possibility that companies are spinning employees and investors and using AI as a shiny excuse for ugly layoffs has become widespread enough that it has a nickname: AI-washing.

This Block Employee Survived the ‘Thanos Snap’—Then Refused a 90 Percent Pay Bump and Quit Immediately. Why Her Explanation Is Going Viral

The data scientist says the company ‘shoved AI down everyone’s throats,’ yet she saw ‘very limited gains in productivity.’ ...
AOL

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...