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Block cut 4,500 people, 40% of its workforce, as companies adopt AI to slash costs. One $500M company used an AI skunkworks to replace expensive software tools and cut spending significantly.
Block cut 4,500 people, 40% of its workforce, as companies adopt AI to slash costs. One $500M company used an AI skunkworks to replace expensive software tools and cut spending significantly.
You look at Block, I think they cut what, 40%? It might have been 4,500 people or so that they cut. And because Jack Dorsey cited, you got AI coming, right? There's a lot of efficiencies coming. You'd rather get ahead of it right now. Let's give them, you know, 6 weeks of— I'm sorry, not 6 weeks, 6 months of severance. Let's let them keep their computers. Let's let them— let's help them find like their next thing, right? So I would say first and foremost, what's happening with these enterprises right now, they are looking to cut. Some of them are using AI as an excuse. But I will tell you that, you know, my friend that runs that $500 million a year company, you know, they are pushing very hard on AI fluency. They actually have an AI skunkworks team that is actually looking to make things efficient in terms of all their software spend, they made a replacement for a call recording tool.
