More Tech Layoffs: Jack Dorsey Cuts Block’s Workforce Nearly in Half, Blames AI
Aminu Abdullahi / eweek - Block cuts 4,000 jobs as Jack Dorsey pivots to an AI-driven model despite rising profits, signaling a broader tech shift toward smaller AI-powered teams.The post More Tech Layoffs: Jack Dorsey Cuts Block’s Workforce Nearly in Half, Blames AI appeared firs…
Back to Top / Friday, February 27, 2026, 3:21 pm / permalink 19895 / 8 stories in 7 days
Barclays Accelerates Push Into Stablecoins and Tokenized Deposits
PYMNTS / pymnts - Barclays is looking to build a blockchain platform that could handle stablecoin payments and tokenized deposits, Bloomberg reported Friday (Feb. 27), citing unnamed sources. The bank has sent a request for information to some technology suppliers that cou…
Back to Top / Friday, February 27, 2026, 1:21 pm / permalink 19891 / 10 stories in 7 days
eBay Announces Workforce Reduction of 800 Employees Amid Strategic Overhaul
Trader Edge / parameter - eBay eliminates 800 positions in restructuring effort while acquiring Depop for $1.2B and reporting Q4 revenue growth of 15% to $2.97 billion.The post eBay Announces Workforce Reduction of 800 Employees Amid Strategic Overhaul appeared first on Parameter.
Back to Top / Friday, February 27, 2026, 8:21 am / permalink 19872 / 4 stories in 7 days
Block cuts nearly half its workforce as Dorsey credits AI, but the real reasons predate the hype
Matthias Bastian / the-decoder - Jack Dorsey blames AI for cutting nearly half of Block's workforce. But a closer look at the company's history of overhiring and structural problems tells a different story.The article Block cuts nearly half its workforce as Dorsey credits AI, but the rea…
- Breaking: Block slashes staff 40%, Dorsey defends AI pivot (7)
- Corporate fallout: CFOs and finance teams rethink operations (1)
- Critics: ‘AI excuse’ covers COVID-era overhiring and restructuring (7)
- Markets roar: stock surges, futures fall, analysts upgrade (4)
- All Other Stories
Breaking: Block slashes staff 40%, Dorsey defends AI pivot
Corporate fallout: CFOs and finance teams rethink operations
Critics: ‘AI excuse’ covers COVID-era overhiring and restructuring
Markets roar: stock surges, futures fall, analysts upgrade
All Other Stories
Back to Top / Friday, February 27, 2026, 6:20 am / permalink 19862 / 22 stories in 7 days