Jack Dorsey makes a grim prediction about the future of work as he lays off 4,000 Block employees in AI push

Core Viewpoint - Block is reducing its workforce from over 10,000 to just below 6,000, indicating a significant restructuring effort aimed at improving efficiency and productivity [1] Group 1: Workforce Changes - The company is shrinking its workforce by approximately 40%, with some employees entering consultation [1] - This reduction is part of a strategy to leverage "intelligence tools" to enhance operational effectiveness [1] Group 2: Company Overview - Block owns several fintech brands, including the Square point-of-sale system, Cash App, Afterpay, and the music streaming service Tidal [1]