COGNICURRENT

Jack Dorsey is laying off 40% of Block's workforce, citing AI advancements, resulting in a surge in the company's stock prices.

Jack Dorsey announced the layoffs of over 4,000 employees at Block, significantly reducing its workforce as part of a restructuring effort influenced by AI.

Block CEO Jack Dorsey announced a significant staff reduction to leverage artificial intelligence, resulting in a surge of the company's stock price.

Fintech company Block will lay off 4,000 employees due to increased AI productivity, raising investor confidence despite broader concerns about job losses from AI adoption.

The Washington Post reported a loss exceeding $100 million in 2025, attributed to previous overstaffing and a significant reduction in reporting output.

An American finance technology company, Block, is laying off 4,000 employees as part of a restructuring strategy, citing efficiency gains from artificial intelligence.

Local industrial associations report a dramatic decline in investments, profits, orders, and production in a region traditionally supporting Russia's war industry.

Jack Dorsey announced significant layoffs at Block, citing AI as the primary reason behind the decision.

Protesters blocked 9 de Julio Avenue and the Panamericana Highway in Buenos Aires, demanding action against labor reform and layoffs at FATE, with left-wing deputy Nicolás del Caño leading the demonstration.

Staff at CBS News and CNN are anxious about job security and potential ideological shifts following Paramount's acquisition of Warner Bros Discovery.

Block, co-founded by Jack Dorsey, will lay off 4,000 employees as part of a restructuring to prioritize artificial intelligence.

Jack Dorsey, CEO of Block, announced the layoff of 40% of the workforce, citing the replacement of jobs by AI tools.

Companies are announcing mass layoffs due to the efficiency brought by artificial intelligence, while entire sectors lose market capitalization amid fears of being replaced by technology.

Jack Dorsey's company Block Inc. has laid off approximately 4,000 employees, citing a shift towards artificial intelligence as the primary reason for this action.

Block has announced a significant reduction in its workforce, cutting down from over 10,000 to fewer than 6,000 employees as part of a strategic restructuring influenced by AI.

Fintech company Block is laying off 4,000 employees while shifting towards an AI-driven operational model, resulting in a surge in share prices.

Terrafame is initiating negotiations affecting all staff regarding job reductions, layoffs, and work arrangements, with a potential loss of up to 120 jobs.

Local business owners in the Isola area of Milan are protesting against a new traffic limitation zone, fearing it will lead to layoffs among their staff.

Papa John’s plans to close 300 locations and cut 7% of its corporate workforce by the end of 2027 as part of efforts to boost its national sales amid financial struggles.

Washington Post executive editor Matt Murray expressed concern about the newspaper's ongoing decline, particularly after recent layoffs, attributing the issues to a long-term reduction in revenues and subscriptions.

Recent layoffs in the industrial sector have raised concerns about similar job cuts occurring in the financial sector, including at PWC, which has laid off between 40 and 60 employees.

Electrolux announces layoffs in its Polish operations, affecting both manufacturing and services in response to a crisis in the home appliance market.

The Washington Post reported a loss of over $100 million last year, prompting significant layoffs.

57 employees are set to be laid off as part of a restructuring at the State Data Agency in Lithuania.

Danske Bank is reducing its workforce in Lithuania, primarily affecting specialists in daily banking operations, due to automation and digitalization efforts.

Two new agencies in Finland, the Economic Centers and the Keha Center, have launched significant employer negotiations shortly after their establishment due to substantial financial adjustment needs that may result in layoffs.

European Central Bank President Christine Lagarde stated that artificial intelligence has not yet led to massive layoffs in the Eurozone, while also emphasizing the importance of completing projects like the digital euro during her term.

The KEHA Center and revitalization centers in Finland are initiating nationwide layoffs due to budget constraints, potentially affecting up to 296 jobs.

Sources indicate that The Washington Post experienced losses exceeding $100 million last year, leading to significant layoffs within the company.

Workers have occupied a refrigeration factory in Tierra del Fuego due to unpaid wages and concerns over imminent layoffs, exacerbating the industrial crisis in the area.

An article offers pragmatic advice to the 920 workers laid off by Fate in Argentina, urging them to manage their severance benefits wisely and seek new employment opportunities.

The Ecuadorian Social Security Institute announced a staff optimization process aimed at better talent distribution, clarifying that this does not involve layoffs.

Twelve employees were laid off at the Health Insurance Institute in Iceland, impacting the organization's operations.

Twelve jobs are being cut at the Health Insurance Company in Iceland due to organizational restructuring.

Suomen Sokeri Oy is initiating negotiations that may result in layoffs for 40 employees at its Porkkala factory due to changes in production lines.

Poland's household appliance production has decreased by 4% over recent years, leading to factory closures and significant job losses.

A Claire's employee documented the realities of working at a store facing closure due to the retailer's administration and impending layoffs.

The Icelandic government is planning to lay off 10% of its public employees as part of a restructuring effort.

Grano, a marketing and communications services group, has initiated corporate restructuring negotiations affecting its entire workforce, which may result in layoffs and significant changes to employment conditions.

AL Sydbank has laid off 47 employees as a result of the merger with Sydbank, Arbejdernes Landsbank, and Vestjysk Bank last year, marking the second round of job losses since the merger.

Oomi, a Finnish electricity sales company, has completed restructuring negotiations leading to layoffs and the closure of several offices due to a significant organizational restructuring.

Romanian Prime Minister Ilie Bolojan has announced a 10% reduction in public sector employees as part of austerity measures to mitigate the country's significant budget deficit.

Telefónica is set to disburse approximately 1.2 billion euros in compensation to former employees in 2023 amid ongoing negotiations to avoid forced layoffs.

A right-wing majority in the Spanish Congress has blocked a proposal aimed at banning layoffs for companies relocating outside the European Union.

Demand for luxury electric cars has decreased, leading the automaker Lucid to lay off a portion of its employees.

Telefónica reported a loss of 4.318 billion euros in 2025 primarily due to the cost of layoffs and the devaluation of its Latin American subsidiaries.

Elected officials from the Hauts-de-France region have called on Emmanuel Macron to prevent significant layoffs at the bankrupt glass manufacturer Arc.

FATE has requested the eviction of its plant while the union demands the annulment of 920 layoffs amid stalled negotiations.

The Argentine government has convened a virtual meeting between Fate and the union to address the impending layoffs of over 900 employees amid stark disagreements over the plant's closure.

Sam Altman, CEO of OpenAI, criticizes companies for using artificial intelligence as a scapegoat for layoffs that would have occurred regardless of AI advancements.