Jack Dorsey's announcement on Thursday that Block was slashing its workforce nearly in half sent shockwaves through the tech world. Dorsey, Block's CEO and cofounder, said AI was rapidly changing work at the financial services company, which owns Square, Cash App, and Afterpay. "A significantly smaller team using the tools we're building can do more and do it better," he said on Thursday's earnings call, shortly after the reduction in force was shared on X. "I had two options: cut gradually