Block shares soar as Dorsey leans on AI to trim workforce

Group 1 - The company Block announced a significant workforce reduction, planning to nearly halve its employees as part of a strategic overhaul [1] - Following the announcement, Block shares experienced a surge of over 20% in premarket trading, indicating strong market reaction to the news [1] - The overhaul aims to integrate artificial intelligence tools across the company's operations, suggesting a shift towards more technology-driven processes [1]