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.
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"Using firm contracts in uncertain situations carries significant commercial risks," says Albert Sanchez-Graells, a professor at the University of Bristol Law School who has been researching NHS contracts for more than 15 years.