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…

7 days / cnbc

Block Strategy Points to AI Shaping Corporate Infrastructure

7 days / pymnts / PYMNTS

Block’s Square unit stands to gain most from Dorsey’s AI pivot, analysts say

7 days / theblock / Jason Shubnell

More Tech Layoffs: Jack Dorsey Cuts Block’s Workforce Nearly in Half, Blames AI

7 days / eweek / Aminu Abdullahi

Jack Dorsey lays off 4,000, says others will do same 'within the next year'

7 days / reddit / /u/abrownn

The problem with Dorsey's Block layoffs and the veiled nature of AI productivity growth

7 days / reddit / /u/spacetwice2021

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…

#blockchain #crypto #digitaltransformation #decentralisation #banking #finance #payments #crypto

JPMorgan warns a ‘parallel banking system’ is emerging—and it could put trillions in deposits at risk

6 days / fastcompany / Inc.

JPYC Secures $11.9 Million To Scale Japan’s Web3 Stablecoin Infrastructure

7 days / ventureburn / Clinton

Tether Has Blocked $3.5 Billion in Crime-Linked Stablecoins Since 2023

7 days / pymnts / PYMNTS

Banking Giant Barclays Mulls Crypto Payments Push: Bloomberg

7 days / decrypt / Logan Hitchcock

Citi and Morgan Stanley expand bitcoin and crypto custody, trading and tokenization efforts

7 days / coindesk / Olivier Acuna

The Daily: Jack Dorsey’s Block cuts 40% of staff amid AI strategy, Barclays explores blockchain settlement, Senate Democrats urge Binance probe, and more

7 days / theblock / James Hunt

Barclays Accelerates Push Into Stablecoins and Tokenized Deposits

7 days / pymnts / PYMNTS

MoonPay unveils PYUSDx framework for app-specific stablecoins tied to PayPal USD

7 days / theblock / Kyle Baird

Barclays looks for tech provider for new blockchain settlement engine: Bloomberg

7 days / coindesk / Jamie Crawley

Barclays exploring blockchain settlement tools as banks brace for stablecoin growth: Bloomberg

7 days / theblock / Kyle Baird

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.

#ecommerce #digitaltransformation #business #jobs #acquisitions #layoffs #technology

eBay Announces Workforce Reduction of 800 Employees Amid Strategic Overhaul

7 days / parameter / Trader Edge

eBay cuts 800 jobs after Depop acquisition

7 days / siliconrepublic / Suhasini Srinivasaragavan

eBay to cut 800 jobs despite 15% revenue growth

7 days / dataconomy / Aytun Çelebi

eBay (EBAY) Stock: Falls After 800 Employees Impacted Despite Strong Q4 Revenue

8 days / parameter / Newton Kitonga

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…

#ai #automation #fintech #digitaltransformation #genai #stockmarket #business #jobs #payments #layoffs

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

Dorsey swings the axe at Block in “extreme step” to “replace human labor with compute power”

7 days / sherwood / Matt Phillips

Block Lays Off 4,000 (of 10,000) Employees

7 days / cnbc / John Gruber

Block lays off 40% of workforce as it goes all-in on AI tools

7 days / arstechnica / Peter Wells and Akila Quinio, Financial Times

Jack Dorsey says AI is driving Block's massive layoffs as 4,000+ roles are cut

7 days / techspot

Morning Minute: Jack Dorsey Slashes 40% of Block's Jobs Due to AI

7 days / decrypt / Tyler Warner

How Jack Dorsey Explained Cutting Almost Half of Block’s Staff

7 days / wsj / Ben Dummett

Jack Dorsey’s Block to slash staff by 40% over AI progress

7 days / semafor / Tom Chivers

Corporate fallout: CFOs and finance teams rethink operations

Block job cuts prompt CFO AI questions

7 days / paymentsdive / Adam Zaki

Critics: ‘AI excuse’ covers COVID-era overhiring and restructuring

Dorsey’s ‘AI Transformation’ Triggers Block Surge And ‘AI Washing’ Skepticism

7 days / techstrong / Jon Swartz

Jack Dorsey’s Block Cut Half Its Staff, and He Says Other Tech Firms Will Follow Soon

7 days / gizmodo / Bruce Gil

Block's 24% Stock Jump Will Cost More Jobs Than Its AI Ever Could

7 days / implicator / Maria Garcia

Jack Dorsey's Block lays off 4,000 and blames AI. Is it just a convenient excuse?

7 days / qz / Catherine Baab

Jack Dorsey makes a grim prediction about the future of work as he lays off 4,000 Block employees in AI push

7 days / fastcompany / Sarah Fielding

Opinion: Block's layoffs might just be the biggest story of a tumultuous week. Here's why

7 days / cnbc

Block cuts nearly half its workforce as Dorsey credits AI, but the real reasons predate the hype

7 days / the-decoder / Matthias Bastian

Markets roar: stock surges, futures fall, analysts upgrade

Block (XYZ) Receives Upgraded Price Targets Following Major Workforce Restructuring

7 days / parameter / Trader Edge

Stock Futures Tumble as Block’s Massive AI-Driven Layoffs Shake Wall Street

7 days / parameter / Trader Edge

Netflix drops its WBD bid, Block layoffs, Anthropic's DOD deadline and more in Morning Squawk

7 days / cnbc

Block soars after announcing 40% workforce cut amid AI push

7 days / sherwood / Hyunsoo Rim

All Other Stories

Jack Dorsey’s Block Cut Half Its Staff, and He Says Other Tech Firms Will Follow Soon https://gizmodo.com/jack-dorseys-block-cut-half-its-staff-and-he-says-other-tech-firms-will-follow-soon-2000727594

7 days / bsky / @gizmodo.com / gizmodo.com

In a 600-word X post, Jack Dorsey justifies his decision to lay off 40% of Block’s workforce

7 days / fastcompany / Pavithra Mohan

Jack Dorsey’s Block to slash staff by 40% over AI progress www.semafor.com/article/02/2...

7 days / bsky / @semafor.com / semafor.com

Allica Bank Raises $155M in Series D Funding

FinSMEs / finsmes - Allica Bank, a London, UK-based digital bank for small and medium businesses (SMBs), raises $155M in Series D funding, at $1.2 Billion valuation. Backers included Ventura Capital, GLG, Sona AM and existing investors TCV and Blue Owl. The company intends t…

#startups #vc #fintech #digitaltransformation #banking #business #uk #europe #technology

Allica Bank crowned latest UK fintech unicorn after raising £115m

9 days / uktech / Oscar Hornstein

Allica Raises $155M at $1.2B Valuation to Fuel Growth

9 days / ventureburn / Ekemini

Allica Bank becomes Europe’s newest unicorn with $155m Series D

9 days / sifted

Fresh UK unicorn: Allica raises $155M at $1.2B valuation

9 days / techfundingnews / Vignesh R

Allica Bank Raises $155M in Series D Funding

9 days / finsmes / FinSMEs

London’s Allica Bank targets 10% UK SMB market share by 2028 after €131 million raise

9 days / eu-startups / David Cendon Garcia

OpenAI Calls In the Consultants For Its Enterprise Push

BeauHD / slashdot - OpenAI has formed a multi-year "Frontier Alliance" with four consulting heavyweights to accelerate enterprise adoption of its no-code AI agent platform, OpenAI Frontier. TechCrunch reports: The alliance includes multi-year partnerships between OpenAI and …

#ai #startups #cloud #saas #digitaltransformation #enterprise #openai #genai #business

OpenAI taps consulting giants to bridge the enterprise AI adoption gap

10 days / dataconomy / Kerem Gülen

Prompt repetition adds zero accuracy to AI agents on engineering tasks

11 days / reddit / /u/antidrugue

OpenAI Taps Retail Giants for First Wave of ChatGPT Ad Testing

11 days / pymnts / PYMNTS

OpenAI allies with 4 big consulting giants as the agentic enterprise battle heats up

11 days / siliconangle / Mike Wheatley

OpenAI Calls In the Consultants For Its Enterprise Push

11 days / slashdot / BeauHD

OpenAI deepens consulting ties

11 days / semafor / J.D. Capelouto

OpenAI Expands Enterprise Strategy with Major Consulting Deals

11 days / techstrong / James Maguire

OpenAI teams up with consulting giants to boost its enterprise business

Luke Kawa, Jon Keegan / sherwood - This alliances come amid an industrywide love affair with Anthropic’s Claude Code, which has juiced the startup’s revenue projections.

#ai #cloud #automation #saas #digitaltransformation #enterprise #openai #genai #business #copilot

OpenAI is partnering with four consulting giants in an effort to see more adoption of its OpenAI Frontier AI agent platform.

11 days / bsky / @techcrunch.com / techcrunch.com

OpenAI calls in the consultants for its enterprise push

11 days / techcrunch / Rebecca Szkutak

OpenAI Teams With Consulting Firms to Boost Enterprise AI

11 days / pymnts / Pranvera Kellezi

OpenAI partners with major consulting firms to push Frontier agent platform

11 days / the-decoder / Matthias Bastian

OpenAI Signs Multiyear Deals With Top Consulting Firms to Scale Enterprise AI

11 days / parameter / Trader Edge

OpenAI teams up with consulting giants to boost its enterprise business

11 days / sherwood / Luke Kawa, Jon Keegan

OpenAI brings AI coworkers to enterprises through Frontier Alliances

11 days / techzine / Berry Zwets

OpenAI lands multi-year deals with consulting giants in enterprise push

11 days / cnbc

Etsy Stock Jumps 9% as Depop Sale to eBay Overshadows Mixed Q4 Results

Trader Edge / parameter - TLDR Etsy beat Q4 EPS estimates with $0.92 vs. $0.84 expected, but revenue of $882M and GMS of $3.59B both missed Etsy agreed to sell Depop to eBay for $1.2 billion in cash Stock jumped over 9% on the news, reaching around $48.23 Active sellers rose 7.7% …

#ai #ecommerce #digitaltransformation #mobile #genai #stockmarket #business #apps #acquisitions

eBay to Acquire Depop from Etsy

15 days / finsmes / FinSMEs

Etsy Sells Depop, Pushes AI and Mobile to Restart Growth

15 days / pymnts / PYMNTS

Etsy Stock Jumps 9% as Depop Sale to eBay Overshadows Mixed Q4 Results

15 days / parameter / Trader Edge

Etsy stock pops on Depop deal despite disappointing revenue, merchandise sales

15 days / cnbc

IBM to triple entry-level US hiring, as roles ‘reimagined’ for AI era

Laura Varley / siliconrepublic - The company has announced that the expansion of roles will be across the board, impacting a wide range of departments. Read more: IBM to triple entry-level US hiring, as roles ‘reimagined’ for AI era

#ai #automation #digitaltransformation #elearning #genai #business #jobs #us #technology

IBM to Triple Entry-Level Hiring as AI Rewrites Junior Roles

21 days / pymnts / PYMNTS

IBM to triple entry-level hiring despite AI fears

21 days / semafor / Tom Chivers

IBM to triple entry-level US hiring, as roles ‘reimagined’ for AI era

22 days / siliconrepublic / Laura Varley

IBM to triple entry level hiring in the US by 2026

22 days / dataconomy / Kerem Gülen

London-Based Energy Transactions Scale-up Tem Raises €62.9 Million Funding

Kailee Rainse / startuprise - Tem, a London-based AI-native energy transactions scale-up, today announced that it has raised €62.9 million ($75 million) in an oversubscribed Series B round to accelerate UK and global rollout of its AI-native infrastructure, as it seeks to become the “…

#ai #startups #vc #analytics #digitaltransformation #enterprise #energy #business #europe #technology

Tem Raises $75 Million To Scale AI Energy Infrastructure

24 days / ventureburn / Clinton

tem Raises $75M in Series B Funding

24 days / finsmes / FinSMEs

London-Based Energy Transactions Scale-up Tem Raises €62.9 Million Funding

25 days / startuprise / Kailee Rainse

Energy scaleup group secures £55m Series B round

25 days / uktech / Oscar Hornstein

London-based energy transactions scale-up tem raises €62.9 million to become the “Stripe of energy”

25 days / eu-startups / Rahul Raj

tem raises $75M to become the ‘Stripe of energy’ with AI transactions

25 days / techfundingnews / Sofia Chesnokova

Tem raises $75M to remake electricity markets using AI

25 days / techcrunch / Tim De Chant

New study finds AI doesn’t reduce work — it intensifies it

Jon Keegan / sherwood - Researchers observing how workers used AI found that productivity increased, but so did their responsibilities. The use of generative AI made workers feel they were doing more, but the work crept into breaks...

#ai #automation #digitaltransformation #aiethics #genai #business #jobs #productivity

Sigh, twas ever thus: “You had thought that maybe, oh, because you could be more productive with AI, then you save some time, you can work less. But then really, you don’t work less. You just work the same amount or even more.”

24 days / bsky / @emryss.bsky.social / emryss.bsky.social

The first signs of burnout are coming from the people who embrace AI the most

25 days / techcrunch / Connie Loizos

Researchers Studied Work Habits in a Heavily AI-Pilled Workplace. They Sound Hellish

25 days / gizmodo / Mike Pearl

AI Doesn’t Reduce Work—It Intensifies It

25 days / reddit / /u/swe129

New study finds AI doesn’t reduce work — it intensifies it

25 days / sherwood / Jon Keegan

AI Doesn’t Reduce Work—It Intensifies It

25 days / simonwillison / Simon Willison

AI Doesn't Reduce Work–It Intensifies It

25 days / ycombinator

Washington Post CEO resigns, leaving no clear strategy

Max Tani / semafor - Will Lewis and Jeff Bezos presided over a sharp decline at the definitive Washington newspaper.

#digitaltransformation #business #jobs #us #culture #bezos #layoffs #media

7 Insights From Washington Post’s Strategy To Win Back Traffic via @sejournal, @martinibuster

25 days / searchenginejournal / Roger Montti

The death of sportswriting

26 days / axios / Neal Rothschild

Washington Post CEO resigns, leaving no clear strategy www.semafor.com/article/02/0...

27 days / bsky / @semafor.com / semafor.com

WAPO news www.semafor.com/article/02/0...

27 days / bsky / @carpenter22.bsky.social / carpenter22.bsky.social

Semafor: "Washington Post CEO resigns, leaving no clear strategy." www.semafor.com/article/02/0...

27 days / bsky / @jayrosen.bsky.social / jayrosen.bsky.social

www.semafor.com/article/02/0...

27 days / bsky / @beverlymann19.bsky.social / beverlymann19.bsky.social

Washington Post CEO resigns, leaving no clear strategy

27 days / semafor / Max Tani

Former Tumblr head Jeff D’Onofrio steps in as acting CEO at the Washington Post

27 days / theverge / Terrence O’Brien

Spotify ventures into physical book sales, adds new audiobook features

Lauren Forristal / techcrunch - Spotify users in the U.S. and the UK will soon be able to buy physical books in the app. There's also a new tool that syncs physical books to audiobooks.

#innovation #ecommerce #digitaltransformation #streaming #business #apps #ux #payments #media #spotify

On-scene with Spotify's innovative Page Match technology (6)
Reporting on Spotify’s leap into physical book sales (7)
All Other Stories

On-scene with Spotify's innovative Page Match technology

Spotify Page Match Feature video

29 days / cnet / Ty Pendlebury

Spotify’s new Page Match feature can now sync your audiobooks with physical books

29 days / digitaltrends

How to use Spotifys Page Match feature while reading

29 days / mashable

Spotify's Page Match Lets You Swap Between a Book and the Audiobook

29 days / cnet / Ty Pendlebury

Spotify’s Page Match syncs your audiobooks and your physical ones

29 days / theverge / Terrence O’Brien

Spotify's Page Match seamlessly swaps between real books and audiobooks

29 days / engadget / Cherlynn Low

Reporting on Spotify’s leap into physical book sales

Move over Amazon, physical book sales are coming to Spotify

29 days / pocket-lint / Kelsey Fogarty

Spotify to Start Selling Physical Books With With Bookshop.org Partnership

29 days / thurrott / Laurent Giret

Spotify will soon let you buy paper books inside the app

29 days / digitaltrends

Spotify Plans To Sell Physical Books

29 days / slashdot / msmash

Spotify moves beyond audiobooks to offer physical books

29 days / mashable

Spotify ventures into physical book sales, adds new audiobook features

29 days / techcrunch / Lauren Forristal

Spotify is partnering with Bookshop.org to sell physical books

29 days / theverge / Terrence O’Brien

All Other Stories

on the one hand, at least they allow you to buy physical books through @bookshop.org , but if you get your audiobooks through @libro.fm (and you should), you support the local bookstore of your choosing w every purchase

29 days / bsky / @nikostratis.com / nikostratis.com

Adobe Animate is shutting down on March 1st as company focuses on AI.

/u/zachimusprime44 / reddit - submitted by /u/zachimusprime44 [link] [comments]

#ai #software #innovation #digitaltransformation #genai #business #creativity #adobe #animation

Adobe Is Killing A Popular Animation And Game Development Program https://tech.slashdot.org/story/26/02/03/1445206/adobe-is-killing-a-popular-animation-and-game-development-program?utm_source=rss1.0mainlinkanon&utm_medium=feed

4 wks / bsky / @slashdot.org / slashdot.org

Adobe Is Killing A Popular Animation And Game Development Program

4 wks / slashdot / msmash

Adobe to discontinue Animate on March 1

4 wks / dataconomy / Emre Çıtak

Adobe Animate is shutting down on March 1st as company focuses on AI.

4 wks / reddit / /u/zachimusprime44

Adobe Animate is shutting down next month

4 wks / theverge / Emma Roth

Adobe Animate is shutting down as company focuses on AI

4 wks / techcrunch / Sarah Perez

India Proposes 20-Year Tax Holiday for Cloud Companies

PYMNTS / pymnts - India is reportedly offering foreign cloud companies a 20-year tax amnesty for building data centers there. The proposal, announced Sunday (Feb 1) by India’s finance minister Nirmala Sitharaman and flagged in a report by TechCrunch, would give companies a…

#cloud #digitaltransformation #techpolicy #government #business #datacenter #internet #india #economy

Claude Bends Reality. India Bends Tax Law.

4 wks / implicator / Marcus Schuler

India Offers Foreign Cloud Firms Zero Tax Through 2047 to Capture Global AI Workloads

4 wks / implicator / Harkaram Grewal

India Proposes 20-Year Tax Holiday for Cloud Companies

4 wks / pymnts / PYMNTS

India dangles 20-year tax holiday for clouds that serve offshore users

4 wks / theregister / Simon Sharwood

Pinterest layoffs today: 15% of jobs cut as social media giant is latest to cite shift to AI

Michael Grothaus / fastcompany - Nike isn’t the only household corporate name to announce significant layoffs this week. Just a day after the sporting goods giant announced layoffs, citing a further embrace of automation, social media giant Pinterest has announced it will cut jobs. The d…

#ai #digitaltransformation #social #genai #business #jobs #layoffs #technology #ads

Pinterest lays off hundreds, citing need for 'AI-proficient talent'

5 wks / reddit / /u/sfgate

Pinterest will lay off 15% of its workforce as the platform pivots resources to AI

5 wks / techxplore

Pinterest to lay off staff and shift resources to AI, company says

5 wks / mashable

Pinterest to Cut Roughly 15% of Staff in Shift to AI Focus

5 wks / pymnts / PYMNTS

Pinterest layoffs today: 15% of jobs cut as social media giant is latest to cite shift to AI

5 wks / fastcompany / Michael Grothaus

Pinterest is conducting a massive round of layoffs to prioritize 'AI-powered products and capabilities'

5 wks / engadget / Lawrence Bonk

Pinterest (PINS) Stock: Layoffs Hit 15% of Staff in AI Restructuring

5 wks / parameter / Trader Edge

Pinterest Cuts Up To 15% Jobs To Redirect Resources To AI

5 wks / slashdot / msmash

Pinterest laying off 15% of workforce in push toward AI roles and teams

5 wks / cnbc

Amazon To Shut Down All Amazon Go and Amazon Fresh Stores

msmash / slashdot - Amazon is closing all of its Amazon Go and Amazon Fresh physical stores in a shift to focus on its online same-day delivery service and new big-box retail stores. From a report: The e-commerce giant said Tuesday that some of its shuttered Amazon-branded b…

#ecommerce #digitaltransformation #amazon #business #supplychain #food #delivery

Basic closure announcements of Amazon's physical retail stores (5)
Physical store experiment deemed unsuccessful (1)
Whole Foods conversion signals digital-first strategy shift (4)
All Other Stories

With Clue and Lovehoney as partners, Evaro secures €21 million to expand NHS-licensed embedded health services

David Cendon Garcia / eu-startups - Evaro, an NHS-licensed digital healthcare platform serving over 2 million patients, today announced it has closed a €21 million ($25 million) Series A funding round to expand across treatment areas (women’s health, men’s health, and longevity medicine), c…

#startups #vc #digitaltransformation #digitalhealth #health #business #finance #uk #apps #technology

Evaro secures $25M to support consumer brands in offering digital healthcare services

5 wks / tech / Tamara Djurickovic

Evaro Raises €21M To Expand NHS-Licensed Embedded Health Services With Clue And Lovehoney

5 wks / startuprise / Kailee Rainse

With Clue and Lovehoney as partners, Evaro secures €21 million to expand NHS-licensed embedded health services

5 wks / eu-startups / David Cendon Garcia

Norfolk digital health platform closes £18m round

5 wks / uktech / Oscar Hornstein

Evaro raises $25M to bring NHS healthcare straight into your favourite consumer apps

5 wks / techfundingnews / Sofia Chesnokova

OpenAI Partners with Major Government Contractor to ‘Transform Federal Operations’

/u/Logical_Welder3467 / reddit - submitted by /u/Logical_Welder3467 [link] [comments]

#ai #cloud #automation #digitaltransformation #techpolicy #enterprise #openai #aiethics #genai #government

OpenAI Partners with Major Government Contractor to ‘Transform Federal Operations’

5 wks / reddit / /u/Logical_Welder3467

OpenAI Partners with Major Government Contractor to ‘Transform Federal Operations’

5 wks / gizmodo / Mike Pearl

ClearScore snaps up London mortgage outfit Acre Platforms

John Reynolds / tech - ClearScore, the London-based fintech that provides credit score services, has acquired UK mortgage platform Acre Platforms, as it looks to diversify its offering. The move marks ClearScore’s first mov...