Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

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Top corporate executives are well rewarded - a report from last year showed that chief executives at the UK's biggest firms are paid, on average, 122 times the salary of the average full-time, UK worker.

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"Moving forward, age verification measures that verify age without retaining unnecessary personal identity information, and are transparent about data handling, are key," he said.

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