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Twitter cofounder Jack Dorsey breaks down his thought process when he laid off 40% of his Block staffers because of AI
Jack Dorsey, the CEO of Block, laid off 40% of his staff after working out the “minimal number of people” to run his $41 billion fintech company.
AI Summary
Block CEO Jack Dorsey explained that a surge in AI capabilities prompted the company to cut 40% of its workforce. After the 2025 holiday break, Dorsey and other Block leaders tested tools such as Anthropic’s Opus 4.6 and OpenAI’s Codex 5.3, finding them markedly more powerful than earlier versions.
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