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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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"It's an opportunity to … actually have the suits in microgravity, even if we don't go outside the vehicle in them. You get a lot of good learning from that," Isaacman said.
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