News is knowledge, Knowledge is news / Jack Dorsey 's Block cuts 40% of staff, 4,000+ people — and yes, it's because of AI efficiencies// Jack Dorsey, the co-founder of Twitter (now X) and leader of Block Inc., just made a big move. On February 26, 2026, he announced that Block will lay off about 40% of its workers. That means more than 4,000 people will lose their jobs. The company had over 10,000 employees before this. After the cuts, it will have fewer than 6,000. The main reason? Artificial intelligence , or AI. Dorsey says new AI tools have changed how companies work. A smaller team using AI can do more work, do it faster, and do it better. This is not because Block is in trouble. The company's latest earnings report showed strong growth. Gross profit was up 24% from last year. Cash App and Square are doing well. Yet Dorsey chose to shrink the company on purpose to focus on AI. This paper-style analysis explains the story in simple English. It looks at what happened,...
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