<2> Block, the parent of Square and Cash App, is laying off over 4,000 people
<3> < class="link" href="https://techcrunch.com" target="_blank">TechCrunch reported that Block, the financial tech company behind Square and Cash App, is cutting jobs in favor of using more AI tools. The company, helmed by Twitter founder Jack Dorsey, is slashing its current staff of 10,000 to “just under 6,000.”
< class="link" href="https://www.wired.com" target="_blank">Wired highlighted a letter Block sent to shareholders announcing the decision to nearly halve its workforce. According to the message from Dorsey: “The core thesis is simple. Intelligence tools have changed what it means to build and run a company. We’re already seeing it internally. A significantly smaller team, using the tools we’re building, can do more and do it better. And intelligence tool capabilities are compounding faster every week.”
< class="link" href="https://theverge.com" target="_blank">The Verge reported that Block had developed an AI agent called “codename goose” for interacting with LLM