The possibility that companies are spinning employees and investors and using AI as a shiny excuse for ugly layoffs has become widespread enough that it has a nickname: AI-washing.

Jack Dorsey’s payments company Block Inc. has begun informing hundreds of employees that their roles could be eliminated during annual performance reviews, as the firm undertakes a wider restructuring ...

'Block may create a playbook for others,' analyst notes, as investors worry tech disruption will diminish demand for software licenses Software stocks including Workday slid on Friday. Software stocks ...