Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by Twitter founder Jack Dorsey, is slashing its current staff of 10,000 to "just under 6,000." CNBC highlighted a letter Block sent to shareholders announcing the decision to nearly halve its workforce. According to the message from Dorsey:
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McKenzie is responsible for a team of 40 people based at Halley VI for Antarctica's summer season from November to the middle of February.
The difficulty with assessing how far the latest escalation might go, stems in part from the lack of verified information available from either side.