Block lays off 40% of workforce as it goes all-in on AI tools

Here’s something that might surprise you — Block, the fintech giant co-founded by Jack Dorsey, is slashing nearly half its workforce. And get this — it's all because of the rise of AI tools. Shares shot up over 25 percent after the announcement, which shows investors are betting big on this shift. According to Peter Wells and Akila Quinio from the Financial Times, Dorsey himself says AI has fundamentally changed how companies operate. So what does this mean for you? Well, it’s not just about automation; it’s reshaping entire industries and jobs. But here's where it gets interesting — this isn’t just a blip. It’s a sign that AI's influence on employment is accelerating fast, even at a major player like Block. As Wells and Quinio report, this move underscores a broader trend: companies are rethinking their workforces and strategies around AI-driven efficiency. And honestly, it’s a game-changer to watch. The big question now? How will this ripple effect impact the future job market — and your career?