{"id":449895,"date":"2026-02-28T07:39:09","date_gmt":"2026-02-28T07:39:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/uk\/449895\/"},"modified":"2026-02-28T07:39:09","modified_gmt":"2026-02-28T07:39:09","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\/uk\/449895\/","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\/CBMiXEFVX3lxTE95RnNzdngwYXE0dmlIa1VKTnktTzkteUJaaEtzOVhTaXBGUGwxdlZ6dzA4XzJYb09TRjFiUE1jbGh2blpfdDNUUVRzQ2tZbXR1d3Z3STFjb25zNXJk?oc=5\" target=\"_blank\" rel=\"nofollow noopener\">Jack Dorsey&#8217;s Block cuts thousands of jobs as it embraces AI<\/a>&nbsp;&nbsp;BBC<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<a href=\"https:\/\/news.google.com\/rss\/articles\/CBMifEFVX3lxTFB3QnRvSWc5aWlTeW04QVhEZnhLaTdTSHdxSlk0aEtRSFRrUFd0dXFfNkU5TEUtSUdFc01IdnR3bDU4Sm1hMEplbWl1Qjg1MFA4MG91X1B3UFJBYWFEcGNWSjNGRzN4b2ROUzFUQmJVSkp1U3NPQTE3Q09oaUQ?oc=5\" target=\"_blank\" rel=\"nofollow noopener\">Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same<\/a>&nbsp;&nbsp;CNN<\/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":449896,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[162965,6237,390,84,4687,14013,15580,162963,33188,136933,162964,913,1382,2306,50,15581,2207,86,11557,56,54,55,4667,15583,15582,15579],"class_list":{"0":"post-449895","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-mobile","8":"tag-162965","9":"tag-block","10":"tag-breaking-news","11":"tag-business","12":"tag-current-affairs","13":"tag-current-news","14":"tag-daily-news","15":"tag-dorseys","16":"tag-firm","17":"tag-jack","18":"tag-laid","19":"tag-latest-news","20":"tag-local-news","21":"tag-mobile","22":"tag-news","23":"tag-news-online","24":"tag-people","25":"tag-technology","26":"tag-that","27":"tag-uk","28":"tag-united-kingdom","29":"tag-unitedkingdom","30":"tag-what","31":"tag-15583","32":"tag-15582","33":"tag-15579"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/449895","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=449895"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/449895\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/449896"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=449895"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=449895"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=449895"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}