Opinion

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

Block, Jack Dorsey's payments company, will cut 6,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's the biggest story of the week.

Here's what smart people are saying about Jack Dorsey slashing Block's workforce

Smart people in tech and VC say Jack Dorsey's Block layoffs are "the canary in the coal mine" when it comes to AI job cuts.

Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...

Block to cut more than 4,000 jobs amid AI disruption of the workplace

Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence disrupts the way people work. The Oakland parent company of ...

Dubai of the Caribbean, With Crypto? Locals Aren’t Buying It.

A Bitcoin baron wants to build a libertarian paradise on the island of Nevis. Democracy is getting in the way.