The layoffs come after a strong quarter for Block, with revenue, profit, and customer base all growing. But Dorsey appears to think that the rise of AI makes this move inevitable, presenting the decision as a choice between doing one sharp cut now, or laying people off slowly over a longer period of time.
The announcements come shortly after a new class-action lawsuit was filed against Bumble over the January data breach. It's also after Bumble announced it's sunsetting the Opening Moves feature in Mexico and Australia. Opening Moves is a feature meant to move Bumble away from its "women making the first move" ethos by allowing men to message women first.
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