{"id":505250,"date":"2026-02-28T12:48:27","date_gmt":"2026-02-28T12:48:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/505250\/"},"modified":"2026-02-28T12:48:27","modified_gmt":"2026-02-28T12:48:27","slug":"what-is-block-jack-dorseys-firm-that-laid-off-4000-people-due-to-ai-blocks-shares-surged-after-layoffs-inshorts-inshorts","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/505250\/","title":{"rendered":"What is Block, Jack Dorsey&#039;s firm that laid off 4,000 people due to AI? | Block&#039;s shares surged after layoffs | Inshorts &#8211; Inshorts"},"content":{"rendered":"<p><a href=\"https:\/\/news.google.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?oc=5\" target=\"_blank\" rel=\"nofollow noopener\">What is Block, Jack Dorsey&#8217;s firm that laid off 4,000 people due to AI? | Block&#8217;s shares surged after layoffs | Inshorts<\/a>&nbsp;&nbsp;Inshorts<a href=\"https:\/\/news.google.com\/rss\/articles\/CBMia0FVX3lxTE5Udmo3cHRUYnNleW5kTUY0dzNFTFQ2VC1ibFhhVTNDZUxDV1U0OVljRTRtVmNRc1Z6aG83QVlXNnEtMURhZVpQZmZlaTUtVkMxYmNEY1R1MjJpR3VRQThEeHNpVHQ2UmMtR0J3?oc=5\" target=\"_blank\" rel=\"nofollow noopener\">Block lays off 4,000 workers citing AI. But how much does AI actually have to do with it?<\/a>&nbsp;&nbsp;CBC<a href=\"https:\/\/news.google.com\/rss\/articles\/CBMib0FVX3lxTE4yanBGMWowZjdUaXc0dGFVOFFPQjh5cWJuREx3WGlYQWEyaHR4OEc3aEs5ODFUYmpBdUpJNnNrcXJ5c3N4X3RGUDNKQlFUbTRWd1d3OHkyTlRGVXFUOWNKb2l4SEFqdTFuRlpiY2UtTQ?oc=5\" target=\"_blank\" rel=\"nofollow noopener\">Could Block\u2019s AI-fueled layoffs be a \u2018tipping point\u2019 for white-collar jobs?<\/a>&nbsp;&nbsp;Global News<a href=\"https:\/\/news.google.com\/rss\/articles\/CBMihgFBVV95cUxOMWE4b1JZbXYwSDBsYVZOV0thcVhqRU8xVDJVd2t2eHVrai03OUdQeWN3bFhuZGg5QmVack5SbjBacGpLaHg2SGxnLWMxbFRyYjdfcDZPS3BYSTZqYWNpZmpZRnYwcG5TMTR1Q2htN1F0TmY4ZWU3Q2xJSkNyb3FrNHRCV1dXQQ?oc=5\" target=\"_blank\" rel=\"nofollow noopener\">Jack Dorsey to cut 4,000 jobs due to AI advances at Square parent Block<\/a>&nbsp;&nbsp;The Guardian<a href=\"https:\/\/news.google.com\/rss\/articles\/CBMipgFBVV95cUxPN0d2XzY5dXFEUFJNVjBpQTFJSzVYMDlleERFYXFQWXlWQWRoVnA3S2YtNnBlbk1kcEloOXdwNjQ0Q09WYklyUVJuVVpYcWdNMHpxOFZoTnZCcWgzdko4UHNvUnRUZlNHaXlqbVljLTBSUldtZmFJYzhkbzBoSVczOGg1UlVWQVpiNVlrS21uSUxfdW1ueDFudkFlWmVHQ2o5TG1Id2xn0gGrAUFVX3lxTE9HdmVSLWw0dGkzSHpjS2hJcy1zcDY2UFVxNk1LaVdpNlpGVTA5cEtwTXYxc0s2MV9kVU9pU2EwZU54alVuSTM0QWpnYmNzZ1dwS2dVdUZHcE84Y1J2NDNuMjJOUXNZQUc1Vi1IZDZuenFidzRQX3FRRUhadzhLMEdtRnltc21FRXFGeXdBTFBnUHFnOUZVVHJsX3ZUemJxOXZMX2hZS2VIYjY2SQ?oc=5\" target=\"_blank\" rel=\"nofollow noopener\">Block shares soar as much as 24% as company slashes workforce by nearly half<\/a>&nbsp;&nbsp;CNBC<\/p>\n","protected":false},"excerpt":{"rendered":"What is Block, Jack Dorsey&#8217;s firm that laid off 4,000 people due to AI? | Block&#8217;s shares surged&hellip;\n","protected":false},"author":2,"featured_media":505251,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[201500,28364,879,45,49,48,327,20248,19534,201498,41322,13249,201499,701,884,190,44,20245,171,61,14055,1617,20247,20246,20244],"class_list":{"0":"post-505250","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-201500","9":"tag-block","10":"tag-breaking-news","11":"tag-business","12":"tag-ca","13":"tag-canada","14":"tag-current-affairs","15":"tag-current-news","16":"tag-daily-news","17":"tag-dorseys","18":"tag-firm","19":"tag-jack","20":"tag-laid","21":"tag-latest-news","22":"tag-local-news","23":"tag-mobile","24":"tag-news","25":"tag-news-online","26":"tag-people","27":"tag-technology","28":"tag-that","29":"tag-what","30":"tag-20247","31":"tag-20246","32":"tag-20244"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/505250","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=505250"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/505250\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/505251"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=505250"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=505250"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=505250"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}