CompanyFintech & Digital FinanceAsia-Pacific

Afterpay (Block)

Australian BNPL pioneer now part of Block's ecosystem

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RestructuringCanonical—

Block to cut 4,000 jobs, about 40% of its workforce, to increase efficiency using AI

Block, the parent company of Afterpay, has announced a significant restructuring, laying off approximately 4,000 employees, which constitutes about 40% of its workforce. The company stated that this move is part of a broader strategy to enhance operational efficiency by integrating artificial intelligence into its processes.

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