Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

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auto ts = parakeet::tdt_greedy_decode_with_timestamps(model, encoder_out, cfg.durations);

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Block, the fintech group headed by Twitter cofounder Jack Dorsey, will cut its workforce by “nearly half” in one of the clearest signs of the sweeping changes AI tools are having on employment.

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