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

Jack Dorsey’s Block is cutting over 4,000 jobs, reducing its workforce from more than 10,000 to under 6,000. This decision, announced on February 26, 2026, is driven by the company's shift towards AI and a more streamlined operational model.

Dorsey emphasizes that the layoffs are not due to financial struggles but rather a strategic move to enhance efficiency and value. The company aims to become a more agile, intelligence-driven

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

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