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Block’s 40% layoffs will drive 62% earnings growth: ‘If you don’t have time to use AI, you don’t have a job’

Quick Read Block (NYSE:XYZ) cut 4,000+ employees in February 2026 and posted Q1 2026 adjusted diluted EPS growth of 51.8%, ...
American Banker

Jack Dorsey touts Block's AI-driven restructuring

The payments company posted strong adjusted earnings following a dramatic downsizing, which management attributed to the ...
CoinTelegraph

Dorsey shares AI-integrated workplace vision weeks after Block’s 40% staff cut

Block cut 4,000 of its staff in February as part of its AI-driven pivot. A new post by Block's Jack Dorsey has shed light on how the company and others might operate in the future. Block co-founder ...
VentureBeat

Jack Dorsey's Block cuts 40% of staff, 4,000+ people — and yes, it's because of AI efficiencies

Former Twitter co-founder Jack Dorsey's new company Block — the parent of merchants payment system Square, mobile peer-to-peer payments Cash App, music streamer Tidal, and open source AI orchestration ...