Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by Twitter founder Jack Dorsey, is slashing its current staff of 10,000 to "just under 6,000." CNBC highlighted a letter Block sent to shareholders announcing the decision to nearly halve its workforce. According to the message from Dorsey:
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Steve Luce said he had not yet decided if the plan would also be scrapped for new cars
"We saw the news that this rocket had crashed into Poland. It had flown almost directly over us, and we thought, 'oh, this is a great chance'", explained Prof Robin Wing at the Leibniz Institute of Atmospheric Physics in Germany.