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Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block
Block shares jumped more than 20% in premarket trading after CEO Jack Dorsey told employees the company will cut more than 4,000 roles and reorganize around an “AI-era” operating model. The reduction takes Block from more than 10,000 employees to just under 6,000 (“nearly half,” in Dorsey’s wording), while the company’s 8-K describes a “Workforce […] The post Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block appeared first on CryptoSlate. дальше »
2026-2-28 14:35 | |
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Block Slashes 4,000 Jobs as AI Reshapes Fintech, Crypto Payments at Core
Key Takeaways: Block has been cutting off nearly 4,000 employees, bringing total staff from more than 10,000 down to only less than 6,000. According to Jack Dorsey, AI tools allow The post Block Slashes 4,000 Jobs as AI Reshapes Fintech, Crypto Payments at Core appeared first on CryptoNinjas. дальше »
2026-2-27 14:14 | |
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Jack Dorsey’s Block plans to cut up to 10% of staff
Jack Dorsey’s financial technology company Block Inc. is preparing to cut up to 10% of its workforce as part of a broader effort to streamline operations and improve efficiency, Bloomberg reported, citing people familiar with the matter. Block puts workforce… дальше »
2026-2-9 08:19 | |
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Stablecoin issuer Paxos cuts 20% of workforce: report
Paxos has reportedly laid off roughly 20% of its staff, with this decision communicated to the affected employees via email on Tuesday. Crypto publication The Block reported on Wednesday that Paxos co-founder and CEO Charles Cascarilla wrote to employees to… дальше »
2024-6-13 22:57 | |
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Crypto Whiz John McAfee ‘Goes Dark’, Twitter Conspiracy Theorists Go Nuts
By CCN: Cryptocurrency maverick and U. S. 2020 presidential candidate John McAfee announced Thursday that he was going offline fearing for his life and freedom, prompting speculation and wild conspiracy theories on social media. дальше »
2019-5-18 17:41 | |
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London Block Exchange Insolvent since 2018: Staff, Developers, and Creditors Owed Large Amounts
Peter McCormack, the host of the What Bitcoin Did podcast, has alleged that London Block Exchange (LBX) has been insolvent since Autumn 2018. The staff has not been paid since December 2018, creditors are owed millions of GBP, and the employee pension deductions never reached the pension fund as they were allegedly used to keepRead MoreRead More. дальше »
2019-4-29 13:00 | |
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The London Block Exchange has been insolvent since autumn of 2018, alleges Peter McCormack
Peter McCormack, the host of What Bitcoin Did podcast, alleged that The London Block Exchange is insolvent and that it has been insolvent since Autumn of 2018. McCormack alleged the same in his tweet thread as he stated: “1/ UK Cryptocurrency exchange @LBXSocial is trading insolvent and has been since Autumn 2018. дальше »
2019-4-27 16:00 | |
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Coinbase Closing Markets Office in Chicago
According to a report from Fortune on April 23, 2019, the U. S. -based cryptocurrency exchange Coinbase will shut down its Chicago office. Coinbase will scale back plans for a high-frequency trade matching engine in development there, software that automatically matches trade bids to complete trades at a higher rate. дальше »
2019-4-25 16:57 | |
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Coinbase Purchased Neutrino for $13.5 M, Acquisition Contract Shows
Cryptocurrency exchange Coinbase purchased controversial Italian software services provider Neutrino for $13. 5 million (€12 million), a copy of a legal document dated February 15, 2019, and shared with Bitcoin Magazine reveals. дальше »
2019-3-7 20:29 | |
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