Curated and analyzed by the JobGoneToAI team. Original reporting by thenationalpulse.com.
Block, Inc. Cuts Workforce by Nearly 50% Due to AI Integration

— thenationalpulse.com
Key Takeaway
Block, Inc. is laying off nearly 50% of its workforce, impacting over 4,000 employees, due to the integration of AI tools that are replacing their workloads. CEO Jack Dorsey emphasized that this decision reflects a significant shift in how the company operates, rather than financial distress.
From the Original Report
WE ARE 100% INDEPENDENT AND READER-FUNDED. FOR A GUARANTEED AD-FREE EXPERIENCE AND TO SUPPORT REAL NEWS, PLEASE SIGN UP HERE , TODAY. 7 hours ago William Upton Economy TECH Jack Dorsey’s Block, Inc. Laying Off Almost 50 Percent of Workforce Because of AI.
PULSE POINTS ❓ WHAT HAPPENED: Block, Inc., the San Francisco-based technology company formerly known as Square—which owns Cash App—and founded by former Twitter CEO Jack Dorsey and Jim McKelvey, announced on Thursday that it is laying off nearly half of its workforce. 👤 WHO WAS INVOLVED: Jack Dorsey, Jim McKelvey, Block, Inc.
employees, Square, Cash App, and artificial intelligence tools. Newsletter Need to Know. Your free, daily feed from The National Pulse. Thank You! You are now subscribed to our newsletter. 📍 WHEN & WHERE: The announcement was made on Thursday, February 26, 2026.
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Original Source
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