Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...

Read Jack Dorsey’s full statement as he lays off thousands of workers

The Block co-founder called the decision "one of the hardest decisions in the history of our company." ...