
Block Slashes 40% of Workforce as AI Restructuring Upends Payments Giant
By Loic Dos Santos | February 27, 2026
Wall Street Cheers Massive Block Cuts Block, Inc.—the payments behemoth led by Jack Dorsey—announced plans to cut more than 4,000 jobs, shrinking its global workforce from just over 10,200 to about 6,000.
