Taking a Big Bet on AI! Jack Dorsey's Block Company Cuts Nearly Half Its Workforce
The fintech giant Block, led by Twitter founder Jack Dorsey, has announced an aggressive restructuring plan, cutting nearly half of its workforce, involving over 4,000 positions, with the company's size shrinking from more than 10,000 to fewer than 6,000 employees. Dorsey emphasized that this move is not due to financial difficulties, but rather a strategic adjustment against the backdrop of strong financial indicators and sustained growth in gross profit.