The Economic Times

AI doomsday fear coming true? Jack Dorsey-led Block lays off nearly half of its staff, Twitter co-founder says 'most companies late'

Jack Dorsey-led Block has cut over 4,000 jobs, or nearly half its workforce, amid an AI boom. The Twitter co-founder said most companies are late and also said that they are not making the decision because they're in trouble. The job cuts come at a time when a new article offering an apocalyptic vision of humanity's future with artificial intelligence has gone viral and caused stock prices to tumble in major tech and financial firms.