Jack Dorsey's Block cuts thousands of jobs as it embraces AI - BBC

Jack Dorsey's Block cuts thousands of jobs as it embraces AI – BBC

February 27, 2026

Jack Dorsey’s Block cuts thousands of jobs as it embraces AI BBCBlock lays off nearly half its staff because of AI. Its CEO said most companies will do the same CNNEarnings live: Hims & Hers stock slides, Domino’s rises as investors await crucial update from Nvidia Yahoo FinanceBlock shares soar 24% as company slashes workforce by nearly half CNBCJack Dorsey’s Block to cut nearly half of work force as it makes greater use of AI tools The Globe and Mail