India, Feb. 28 -- Block CEO Jack Dorsey announced plans Thursday to cut over 4,000 jobs-nearly half the workforce-to weave AI deep into operations. "Intelligence tools have changed what it means to build and run a company. A significantly smaller team using the tools can do more and do it better," he stated bluntly.

Dorsey jabbed at rivals: "I don't think we're early... most companies are late." Shares jumped Friday, rewarding the bold pivot. He added, "I'd rather get there honestly... than be forced into it reactively."

This fuels a fierce clash - Does AI supercharge workers or shrink headcounts?

Why Is Dorsey Slashing Block's Workforce Now? AI tools already boost internal output, per Dorsey. Block (XYZ.N) eyes overhaul for fintech e...