Financial technology company Block will be laying off 4,000 of its more than 10,000 employees as it looks to capitalise from artificial intelligence. Shares in the company jumped more than 20% in premarket trading on Friday, February 27 after its CEO announced it was laying off more than 4,000 employees and reconfiguring to capitalize on its use of AI , The Associated Press reported . "The core thesis is simple. Intelligence tools have changed what it means to build and run a company," CEO Jack