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☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 22 hours ago

Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

apnews.com

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Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

apnews.com

☆ Yσɠƚԋσʂ ☆@lemmy.mlM to United States | News & Politics@lemmy.mlEnglish · 22 hours ago
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  • usa@midwest.social
Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to efficiency gains from artificial intelligence.
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