Search results for "Jack Dorsey"
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Programming
Feb 27, 2026VentureBeat
The Agentic Shift: Block's 4,000+ AI-Driven Layoffs & What It Means
Block, Jack Dorsey's company, cut over 4,000 staff (40%) despite strong financial performance, attributing it to new AI efficiencies and a pivot to an "intelligence-native" operational model. This move, driven by a focus on "agentic AI infrastructure," signals a fundamental shift in how tech companies might scale and manage operations. It prompts other enterprises to audit their own workflows for similar AI-driven consolidation.
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Tech
Feb 27, 2026TechCrunch
Jack Dorsey just halved the size of Block’s employee base — and he
Block, led by Jack Dorsey, slashed over 4,000 employees, nearly half its global workforce, citing AI as a proactive strategy to boost agility. Dorsey predicted similar widespread cuts across the industry. The move sent Block's stock soaring over 24% in after-hours trading.
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