Jack Dorsey’s Block just fired nearly half of its workforce. Here’s why

Description

Block, the parent company of Square and Cash App, laid off 4,000 workers in the largest percentage lay off for an S&P 500 company ever. Block’s stock popped over 20% on the news. The Blockspace crew breaks down the news, and what it may portend for future AI-driven layoffs, on the latest news roundup. 🎧 Catch the latest episode of 'The Blockspace Pod,’ in partnership with Blockspace Media!