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Jack Dorsey Lays Off 4,000 Employees After Move to AI

December 2, 2017 | Futurism AI
Jack Dorsey Lays Off 4,000 Employees After Move to AI
Illustration by Tag Hartman-Simkins / Futurism. Source: Joe Readle / Getty Images After taking his company, Block Inc — formerly Square Inc — to a market cap of over $30 billion, billionaire entrepreneur Jack Dorsey has laid off nearly 40 percent of the fintech giant’s staff. In a long, rambling post on X-formerly-Twitter — Dorsey’s original baby, infamously — the Block CEO admitted the company’s executives were slashing thousands of jobs in order to embra