Here is how Block's severance package compares to other tech companies in past layoffs - Business Insider
AI Summary1 min read
TL;DR
Block's layoffs of 4,000 staff, citing AI gains, are compared to other tech companies' severance packages. CEO Jack Dorsey predicts similar AI-driven job cuts across the industry in the near future.
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- Here is how Block's severance package compares to other tech companies in past layoffs Business Insider
- Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same CNN
- Jack Dorsey lays off 4,000, says others will do same 'within the next year' SFGATE
- Jack Dorsey made the loudest case yet that AI is already replacing jobs CNBC
- Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI AP News