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It was just last week when Twitter founder, Jack Dorsey, laid off 4,000 workers from his Block financial services provider, shedding around 40% of the global workforce in one stroke. The given reason? AI.
“We’re already seeing it internally. A significantly smaller team, using the tools we’re building, can do more and do it better,” Dorsey said at the time. “And intelligence tool capabilities are compounding faster every week.”
“To those staying…i made this decision, and i’ll own it,” he said.
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It was just last week when Twitter founder, Jack Dorsey, laid off 4,000 workers from his Block financial services provider, shedding around 40% of the global workforce in one stroke. The given reason? AI.
“We’re already seeing it internally. A significantly smaller team, using the tools we’re building, can do more and do it better,” Dorsey said at the time. “And intelligence tool capabilities are compounding faster every week.”
“To those staying…i made this decision, and i’ll own it,” he said.
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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