Block AI layoffs

Timeline

1. Feb 26, 2026−4,000 cut
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   Nearly 40% of workforce (from over 10,000 to just under 6,000). Dorsey stressed the business was strong (Q4 gross profit $2.87B, +24% YoY) and framed the cuts as proactive AI-enabled restructuring.

   Jack Dorsey: 'We're already seeing that the intelligence tools we're creating and using, paired with smaller and flatter teams, are enabling a new way of working... Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes.'

   Sources:

   • Fortune: Block CEO Jack Dorsey lays off nearly half of his staff because of AI and predicts most companies will make similar cuts in the next year
   • The San Francisco Standard: AI made him do it: Jack Dorsey lays off 40% of Block staff

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