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What is Block, Jack Dorsey's firm that laid off 4,000 people due to AI? | Block's shares surged after layoffs | Inshorts – Inshorts

  • February 28, 2026

What is Block, Jack Dorsey’s firm that laid off 4,000 people due to AI? | Block’s shares surged after layoffs | Inshorts  InshortsBlock lays off nearly half its staff because of AI. Its CEO said most companies will do the same  CNNAI skills don’t guarantee your job. Just ask these laid-off Block employees.  Business InsiderJack Dorsey lays off 4,000, says others will do same ‘within the next year’  SFGATEBlock shares soar as much as 24% as company slashes workforce by nearly half  CNBC

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