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business11h ago

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same | CNN Business

https://www.cnn.com/2026/02/26/business/block-layoffs-ai-jack-dorseyhttps://www.latimes.com/business/story/2026-02-26/block-to-cut-more-than-4-000-jobs-as-latest-tech-company-to-announce-major-layoffshttps://www.businessinsider.com/block-lay-off-4000-employees-read-jack-dorseys-memo-2026-2
Cnn.com and 7 more
Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same | CNN Business Open in Cnn.com
Highlights
  • Block lays off 4,000 of its 10,000 staff, citing gains from AI and a shift to leaner teams to boost efficiency.
  • The core thesis is simple: intelligence tools have changed what it means to build and run a company, the leadership says.
  • Block’s shares rose about 5% after the layoff news as AI-driven efficiency became a focal point for profitability.

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References

Block to cut more than 4,000 jobs amid AI disruption of the workplace

https://www.latimes.com/business/story/2026-02-26/block-to-cut-more-than-4-000-jobs-as-latest-tech-company-to-announce-major-layoffsLatimes.com
Block to cut more than 4,000 jobs amid AI disruption of the workplace

Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo.

https://www.businessinsider.com/block-lay-off-4000-employees-read-jack-dorseys-memo-2026-2Businessinsider.com
Jack Dorsey says he's cutting nearly half of his staff — 4,000 jobs — at Block. Read the memo.

Jack Dorsey’s Block cuts nearly half of its staff in AI gamble

https://www.theverge.com/tech/885710/jack-dorsey-block-layoffs-job-cuts-aiTheverge.com
Jack Dorsey’s Block cuts nearly half of its staff in AI gamble

Jack Dorsey’s chilling warning about job apocalypse – as he cuts 4,000

https://nypost.com/2026/02/26/us-news/jack-dorseys-block-to-slash-4000-jobs-as-square-owner-sounds-alarm-on-ai/Nypost.com
Jack Dorsey’s chilling warning about job apocalypse – as he cuts 4,000

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

https://finance.yahoo.com/news/fintech-company-block-lays-off-054744823.htmlFinance.yahoo.com

Jack Dorsey's Block axes 'nearly half' its workforce in AI shift

https://www.dailymail.co.uk/yourmoney/article-15597141/jack-dorsey-block-layoffs-ai.htmlDailymail.co.uk
Jack Dorsey's Block axes 'nearly half' its workforce in AI shift

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

https://apnews.com/article/block-dorsey-layoffs-ai-jobs-18e00a0b278977b0a87893f55e3db7bbApnews.com
Fintech company Block lays off 4,000 of its 10,000 staff, citing gains from AI

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