Block Profits Rise 27% After Company Lays 4,000 Middle Managers in Favour of AI Tools: Coincidence or Pattern?
As Block’s strategy has shifted to deep AI embedment into the core processes, CEO Jack Dorsey predicts all the company’s middle management layer can be ultimately substituted with smart tech, boosting fintech’s service efficiency. The direction Block has chosen is starting to pay off: after 4,000 layoffs, the company sees robust financial growth across all […]