Block cuts over 4,000 jobs to go all-in on AI
Jack Dorsey’s Block just slashed nearly half its workforce, axing over 4,000 jobs to shrink from 10,000 to under 6,000 employees. Dorsey stressed the business is growing and profitable, calling AI the sole driver as new tools allow far smaller, flatter teams to build faster. Why it matters: It’s the most aggressive real-world case yet of a massive tech firm downsizing specifically to become an AI-native company.