Block's AI-Driven Layoffs Boost Shares
Oakland News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Block shares surged as the company announced plans to lay off over 4,000 employees, aiming to restructure around AI tools for efficiency. CEO Jack Dorsey emphasized AIs role in boosting profitability, driving shares up 5% to $54.53 and nearly to $69 after hours.
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