Curated and analyzed by the JobGoneToAI team. Original reporting by ia.acs.org.au.
Block Cuts 4,000 Jobs as AI Takes Center Stage
— ia.acs.org.au
Key Takeaway
Block has announced the elimination of 4,000 jobs, nearly half of its workforce, as it shifts its focus towards artificial intelligence. The decision, attributed to the need for increased efficiency through AI, has significant implications for Australian tech workers, particularly those at Afterpay.
From the Original Report
Dorsey said the aim was to make the company far more efficient, with a goal of $US2 million or more gross profit per employee – four times its efficiency pre-2020. Australian tech workers will be impacted by the announcement, with many Afterpay staff still based locally. Afterpay vice-president of marketing Joel Moran posted on LinkedIn last week that he had been let go as a result of the mass job cuts...
Original Source
Read original reporting at ia.acs.org.auJobGoneToAI curates, verifies, and adds original analysis to third-party reporting. We link to the original source so you can verify the facts yourself.
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