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Top asset management team helps you profit without hassle
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GUSD Minting
Use USDT/USDC to mint GUSD for treasury-level yields
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Block plans to lay off nearly half of its staff, betting on AI to improve company efficiency
On February 27, according to Cointelegraph, Twitter co-founder Jack Dorsey’s Bitcoin payment company Block is laying off 4,000 employees, nearly half of its workforce. The company is betting on artificial intelligence to change future labor productivity. Following the layoffs, Block’s stock price surged 22% in after-hours trading. Since 2024, due to the company’s lagging stock performance, Block has been restructuring its business model and personnel. At the same time, the company has invested heavily in developing AI tools to improve operational efficiency, including creating a proprietary tool called Goose. Block founder Jack Dorsey wrote in a letter, “Smart tools have changed the definition of creating and running a company. We have seen this change within our company. A significantly smaller team, after using the tools we developed, can accomplish more work and do it better.”