Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI

Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

Jack Dorsey’s Block to lay off 40% of its workforce in AI remake

The company said the plan would cost it $450 million to $500 million in expenses and severance.

Block, the parent of Square and Cash App, is laying off over 4,000 people

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut ...

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey.

Block layoffs: Jack Dorsey's firm to let over 4,000 employees go in AI overhaul, shares soar 27%

The job cuts at Block is the latest case among fintech and the broader technology sector, where companies have eliminated workforce while pointing at AI as the catalyst.
Yahoo Finance

Block laying off over 900 people, according to reports

SAN FRANCISCO (KRON) — Block, the fintech company founded by former Twitter CEO, is laying off 8 percent of its staff, according to a report in TechCrunch. The layoffs will impact 931 people. About ...
Yahoo

Block becomes the latest fintech to lay off workers

Add Yahoo as a preferred source to see more of our stories on Google. Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for ...

Dorsey’s Block, Inc. (XYZ) is Laying Off up to 10% of its Staff, Bloomberg Reports

Block, Inc. (NYSE:XYZ) is among the 12 Best Digital Currency and Payments Stocks to Buy Right Now. Bloomberg News, citing sources familiar with the situation, stated on February 8, 2026, that Block, ...