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In a rare moment of candour among tech leaders, Jack Dorsey, CEO of fintech giant Block, openly admitted that artificial intelligence was the driving force behind the company’s decision to lay off 40% of its workforce which account to more than 4,000 employees. According to a report by Fortune, Dorsey said that the decision crystallised…
Apple has now removed BitChat, the Bluetooth-based messaging app created by Block CEO Jack Dorsey, from China’s App Store following orders from the Cyberspace Administration of China (CAC). Dorsey revealed this move of Apple on April 5, posting Apple’s notification that the app was taken down after authorities alleged it contained ‘illegal’ content. Apple’s message…
Amazon CEO Andy Jassy says he hasn’t “really digested” Jack Dorsey’s decision to lay off 4,000 employees — nearly half of Block’s workforce — citing AI-driven efficiency gains. Jassy acknowledges that many jobs humans have done for decades won’t need as many people going forward, but struck an optimistic note, saying new roles will emerge…
Block led by CEO Jack Dorsey has announced the most dramatic layoffs in the recent times. The company has slashed around 40% jobs which is nearly half of its workforce in a single round of layoffs. The company’s workforce has dropped from over 10,000 employees to just under 6,000. Speaking about the layoffs Dorsey said…
Jack Dorsey, Twitter co-founder and former CEO, has shared a post supporting proposed $1 trillion pay package for Tesla CEO Elon Musk. For those unaware, the EV maker is set to host its annual general meeting (AGM) today, November 6. One of the key agenda of this year’s Tesla AGM is the $1 trillion pay…
