After cutting 4,000 jobs, Block CEO Jack Dorsey outlines AI future for the company

Jack Dorsey's Block is undergoing a radical restructuring, laying off 40% of its workforce and aiming to embed AI deeply into its operations to become a "mini-AGI." The company plans to eliminate traditional middle management, replacing it with individual contributors, directly responsible individuals, and player-coaches, all coordinated by a continuously updated AI model of the business.