Jack Dorsey's Block (parent company of Square, Cash App, Afterpay) just cut 40% of its workforce — over 4,000 jobs — citing "intelligence tools" as the reason. In his shareholder letter, Dorsey said AI has fundamentally changed how a company should be run. The stock surged 25% after the announcement. Forbes called it "firing the starting gun on AI layoffs" — the first major CEO to blame AI directly, not restructuring. Analysts see it as a seminal moment. The InLeo community's already discussing it.
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