Here's what smart people are saying about Jack Dorsey slashing Block's workforce

Jack Dorsey's Block cut roughly 4,000 jobs.

Uncredited/AP

• Jack Dorsey announced major layoffs at Block, cutting nearly half of its workforce.
• Dorsey said AI was behind the cuts, and the company's stock rose over 20% in after-hours trading.
• Tech and VC leaders have reacted to Block's layoffs, with some calling it a sign of what's to come.

Jack Dorsey's announcement on Thursday that Block was slashing its workforce nearly in half sent shockwaves through the tech world.