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881 Jack Dorsey's Block Cuts Nearly Half of Its Staff In AI Gamble

Slashdot
BeauHD @ Slashdot · 02/26/2026 18:20 EDT

Jack Dorsey's Block Cuts Nearly Half of Its Staff In AI Gamble

Jack Dorsey's Block is cutting more than 4,000 jobs, or nearly half its workforce, as part of a deliberate shift toward becoming a smaller, "intelligence-native" company built around AI. The Verge reports: "We're not making this decision because we're in trouble," Dorsey says. "Our business is strong. Gross profit continues to grow, we continue to serve more and more customers, and profitability is improving. But something has changed. We're already seeing that the intelligence tools we're creating and usin

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