"When you regain these core competencies and you start exercising your muscles, your skills do not atrophy," he said. "It's safer. And yes, you are buying down risk, because you're able to test things in low Earth orbit before you need to get to the moon, which is exactly what we did during the Apollo era."
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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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