The Economic Times

Jack Dorsey fires 4,000 from Block, but shares jump 20%. Does the stock market prefer AI over humans?

Shares of Block jumped over 20% after Jack Dorsey announced strong Q4 profits and plans to cut 4,000 jobs, citing rising AI-driven efficiency. Markets rewarded the structural cost reset, highlighting how investors increasingly favour productivity gains from artificial intelligence over workforce size, despite concerns around social and organisational impact.