Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same - CTV News

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same – CTV News

February 27, 2026

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same CTV NewsSquare parent company Block cuts nearly half of workforce as AI takes jobs The GuardianBlock shares soar as Dorsey leans on AI to trim workforce The Globe and MailBlock cuts about half its workforce — how to move forward after a mass layoff, career experts say CNBCJack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake WSJ