Block, Inc. told shareholders on February 26, 2026, that it was cutting its workforce by more than 40 percent. The company would shrink from over 10,000 employees to just under 6,000. Chief executive Jack Dorsey tied the decision to artificial intelligence in the letter.
· Block says it is cutting its workforce by over 40%, from over 10,000 people to just under 6,000
Block Cuts 40% of Staff, Citing AI Tools
Block told shareholders on February 26, 2026, that it was cutting its workforce by more than 40 percent, from over 10,000 employees to under 6,000, with CEO Jack Dorsey saying intelligence tools let a smaller team do more.
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