Jack Dorsey makes a grim prediction about the future of work as he lays off 4,000 Block employees in AI push

Jack Dorsey, CEO of Block Inc, is not only laying off nearly half of the company’s workforce, but he wants investors to think he’s an AI-focused trailblazer for doing so. 

In a letter to shareholders on Thursday, Dorsey shared that Block’s workforce is shrinking from over 10,000 people to just below 6,000 people, with some employees entering consultation. 

Dorsey credits “intelligence tools” with motivating the change, explaining that these tools and a “significantly smaller...