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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.
Now 75 and retired from full-time recording and touring, he has dusted down his guitars to take part in Selkirk Musical Theatre Group's latest show, We Will Rock You.