Block to Cut Over 4,000 Jobs in Major AI Overhaul as Shares Surge 25%

Olawunmi Sola-OtegbadeFebruary 27, 2026042 views

Block announced on Thursday that it will cut more than 4,000 jobs, nearly half of its workforce, as part of a sweeping overhaul to embed artificial intelligence across its operations,…

Fintech Firm Block Cuts 4,000 Jobs, Citing Efficiency Gains From Artificial Intelligence

Olawunmi Sola-OtegbadeFebruary 27, 2026050 views

Global financial technology company Block, Inc. has announced plans to lay off approximately 4,000 employees—about 40 percent of its workforce—as part of a major restructuring driven in part by efficiency…