Block laying off 40 percent of staff, citing AI advancements
The Hill
by Julia ShaperoFebruary 27, 2026
Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.” The company’s CEO, Twitter co-founder Jack Dorsey, announced Thursday the company is being reduced from more than 10,000 employees…
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Originally published on The Hill on 2/27/2026