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U.S. futures fell overnight after the payment company said it would lay off 40% of its workforce because of labor-saving artificial intelligence.
About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...
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.
The company plans to off thousands of people as AI changes the way people work.