Tag

Jack Dorsey

All articles tagged with #jack dorsey

technology1 month ago•16 min saved

Block's Dorsey Envisions an AI-Driven Rebuild After Major Layoffs

In a WIRED interview, Jack Dorsey explains Block cut about 40% of its staff to rebuild as an “intelligence”—a lean, AI-first company with a conversational AI layer and an open, decentralized protocol mindset. He frames the layoffs as a proactive shift driven by advancing AI tools, aiming to move away from traditional hierarchies toward a company organized around an AI core that customers can interact with and customize. He contrasts Block’s path with Elon Musk’s Twitter changes and emphasizes decentralization, Bitcoin openness, and a future where AI reshapes how work and products are built.

via WIRED|

#artificial-intelligence #block #decentralization

technology1 month ago•18 min saved

Block’s 40% Layoff Sparks AI-Impact Debate

Block announced a 40% workforce reduction after citing AI tools as reducing the need for staff, but sources inside and outside the company question whether AI was the sole cause, pointing to retention offers, standard cost-cutting, and concerns about “AI washing” in corporate layoffs.

via Gizmodo|

#ai-layoffs #ai-washing #block

business1 month ago•3 min saved

Block's AI-Driven Layoffs Face Skepticism Over Real Causes

Block CEO Jack Dorsey cited rapid AI improvements as the rationale for cutting almost half the workforce, but insiders and analysts say the moves resemble standard cost-cutting and reflect prior layoffs, leaving questions about whether AI was the true driver or simply a cover for organizational restructuring.

via Futurism|

#ai #analysis #block-inc

business1 month ago•4 min saved

Block Retention Bonuses After Layoffs Spark Backlash

After Block’s layoffs, survivors were offered retention packages including pay raises and bonuses (some $60k–$80k paid in installments). Naoko Takeda, a Cash App data scientist, declined a roughly 75% salary bump plus a one-time bonus and quit, calling the offer dehumanizing; her total retention package amounted to about a 90% bump when including the one-time payment. Takeda said the layoffs hurt morale, while CEO Jack Dorsey defended AI‑driven productivity. Analysts say retention bonuses can stabilize remaining staff in the short term but risk harming culture and trust.

via Business Insider|

#ai #block #business

technology1 month ago•3 min saved

Block trims 4,000 jobs as AI tools boost efficiency and profitability

Fintech group Block will lay off about 4,000 of its 10,000 employees, saying AI-driven productivity supports a smaller, faster team and will boost profitability. CEO Jack Dorsey stressed the cuts are not due to trouble, noting strong Q4 revenue of $6.25 billion, but the move fits a broader tech trend of AI-fueled layoffs amid concerns over employment and implementation risks. The decision follows earlier rounds of job cuts and comes as investors pushed Block shares higher in pre-market trading; Block also faces warnings in its 10-K about potential AI-related operational and cybersecurity risks and morale issues raised by employees.

via The Guardian|

#ai #block #jack-dorsey

business1 month ago•3 min saved

Block trims 40% of its workforce while eyeing AI-led hiring

Block cut about 40% of its staff, shrinking from roughly 10,000 to just under 6,000, while saying AI tools have enabled a weeks‑worth of engineering work to be completed in a fraction of the time. Dorsey says the company will still hire senior AI engineers to boost product and engineering capabilities, and the stock rose after hours.

via Business Insider|

#ai #block #business

tech1 month ago•38 min saved

Block halves its workforce to pursue AI-native future

Block is cutting over 4,000 jobs, shrinking from more than 10,000 employees to under 6,000, in a pivot to an AI-native, faster company, per a post by Jack Dorsey. He says the move isn’t due to trouble but a strategic shift to leverage AI, announced alongside Q4 2025 results.

via The Verge|

#ai #block #fintech

business1 month ago•5 min saved

Block slashes 4,000 jobs to double down on lean teams and AI-driven tools

Block is cutting roughly 4,000 jobs—nearly half its workforce—from over 10,000 to under 6,000 as part of a shift to smaller, flatter teams and to rely more on intelligence tools. CEO Jack Dorsey says the business is still strong but the shift is necessary, outlines severance and transition support for those affected, and commits to open communication and building the company around a new, AI-enabled approach; shares moved higher in after-hours trading.

via Business Insider|

#block #business #intelligence-tools

technology9 months ago•1 min saved

Jack Dorsey Launches Sun Day App for Personalized UV and Vitamin D Tracking

Twitter co-founder Jack Dorsey has launched a new iOS app called Sun Day that tracks sun exposure and vitamin D levels using location data, skin type, and clothing information, available via TestFlight and open-source on GitHub, as part of his recent coding projects using AI tools.

via The Verge|

#app-development #jack-dorsey #open-source

technology9 months ago•2 min saved

Jack Dorsey Launches Bluetooth-Based, Internet-Free Messaging App 'Bitchat'

Jack Dorsey is developing Bitchat, a Bluetooth mesh network messaging app that extends communication range up to 300 meters and is designed for use without internet, emphasizing decentralization and encryption. The app is currently in beta testing with a limited user base and aims to provide a secure, offline messaging option, similar to other apps like Bridgefy used in protests.

via TechCrunch|

#bitchat #bluetooth-messaging #decentralized-communication

technology9 months ago•2 min saved

Jack Dorsey Unveils Bitchat: A Decentralized Bluetooth Messaging App

Jack Dorsey has launched Bitchat, a decentralized, Bluetooth-based messaging app that operates without internet infrastructure, offering encrypted, ephemeral communication suitable for scenarios like protests or disaster zones, emphasizing privacy and resilience.

via Cointelegraph|

#bluetooth-mesh #decentralized-messaging #encryption

technology1 year ago•2 min saved

Bluesky Expands Moderation Team Amid Growth and Funding Challenges

Bluesky, the open-source social media platform spun off from Twitter, announced it is quadrupling its moderation team to address a backlog of reports, particularly impersonation issues, amid a surge in new users. This move comes after Jack Dorsey, Twitter's co-founder, left Bluesky's board, criticizing it for repeating Twitter's mistakes in censorship. The platform is also working on verifying organizations and implementing policies to prevent impersonations. Dorsey has previously attributed Twitter's censorship issues to advertiser pressure and broader systemic influences.

via Newsmax|

#bluesky #censorship #jack-dorsey

finance1 year ago•2 min saved

Bitcoin Academy Investment: $1,000 Then, What's It Worth Now?

Jay-Z and Jack Dorsey launched The Bitcoin Academy in June 2022 to educate and empower the Marcy Houses community in Brooklyn about Bitcoin. A $1,000 investment in Bitcoin at the time of the academy's launch would have grown to $3,672.13, marking a 267.2% return. The initiative faced criticism due to cryptocurrency volatility, but Bitcoin's value has since increased significantly.

via Benzinga|

#bitcoin #cryptocurrency #finance

business1 year ago•2 min saved

Block Employees Silenced on Jay-Z Amid Layoffs

Block employees have been instructed not to discuss board member Jay-Z internally, amid recent layoffs at the company. The directive comes as Block, led by CEO Jack Dorsey, undergoes restructuring, including layoffs at Tidal and other divisions like Square and TBD. The order coincides with questions about Jay-Z's board role, given his friendship with Sean Combs, who faces serious legal charges. Dorsey also addressed staff in a meeting, urging positivity and restricting anonymous questions.

via Fortune|

#block #business #jack-dorsey

business1 year ago•2 min saved

Block Faces Revenue Miss and Stock Slump Amid Restructuring

Block, formerly known as Square, reported third-quarter revenue of $5.98 billion, missing Wall Street expectations of $6.24 billion, but slightly beat earnings estimates with 88 cents per share. Despite the revenue miss, investors focused on the company's profitability, with gross profit rising 19% to $2.25 billion. The Cash App business saw a 21% increase in gross profit, contributing significantly to overall profitability. Block's CEO, Jack Dorsey, highlighted the company's focus on lending products and future monetization strategies, while also scaling back investments in non-core areas like Tidal and TBD.

via CNBC|

#block #business #cash-app