Bitkey

Block Inc., the fintech company led by Jack Dorsey, announced on February 26 that it will cut approximately 4,000 jobs, reducing its workforce from over 10,000 to about 6,000, a 40% reduction, as part…

Despite headlines attributing mass layoffs to AI, data shows only 5% of 2025 layoffs were AI-driven, totaling 54,836 jobs. Companies like Block, Klarna, and IBM used AI as a cover story to justify cut…