Block shares soar as company slashes workforce by nearly half

This is one of the most dramatic restructurings that we have seen in tech. Block cutting 40% of its staff of 10,000 and CEO Jack Dorsey is directly attributing the move to AI. On the earnings call last night, he called this a fundamental shift in how you build and run a company.>> 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 capabilit ...