QuickQuickJack Dorsey’s Block to cut workforce by ‘nearly half’ as it leans on AI tools
AI-curated by Q²N · Updated February 27, 2026
Block, the company co-founded by Jack Dorsey, plans to reduce its workforce by nearly 50% as it shifts focus towards artificial intelligence tools. This announcement comes amid a significant surge in the company's shares, which rose by 25%. Dorsey emphasized that many companies are lagging in recognizing the impact of technology on employment. The decision reflects a broader trend in the tech industry as firms adapt to evolving technological landscapes and seek efficiency through automation. Stakeholders are closely watching how this shift will affect Block's operations and employee morale moving forward.
- Block to reduce workforce by nearly 50%
- Shares surged by 25% following the announcement
- Focus on leveraging AI tools for efficiency
- Dorsey notes many companies are late to adapt
- Shift reflects broader tech industry trends
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