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

The Verge
Jay Peters @ The Verge · 02/26/2026 17:11 EDT

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

Jack Dorsey's Block, the financial tech company that runs Square and the Cash app, is cutting its workforce by "nearly half" and axing more than 4,000 jobs. The company will shrink from more than 10,000 people to less than 6,000, Dorsey says in a post on X. And the reason why? AI. "We're not making […]

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