In brief: Block sets in motion a massive plan to reduce staff by the AI

Block announced a major restructuring plan with more than 4,000 job cuts, almost half of its workforce, to integrate artificial intelligence tools on a large scale into all of its operations.

This announcement boosted Block's stock market title by more than 25%, revealing investors' appetite for AI-related productivity gains strategies.

CEO Jack Dorsey evokes a "hinge moment," considering that the AI redefines how to build and manage a company. The Group believes that this restructuring should improve its operating margins, while Cash App continues to support its growth and its profits are increasing.

Block also joins other financial players, such as DBS, which have formalized staff reductions related to automation.

These decisions illustrate a broader dynamic: AI becomes a direct driver of organizational transformation in financial services, beyond business use alone.

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