Block cuts more than 4,000 jobs, nearly half its staff
Block · · Layoffs, CEO blunders
Block said it would cut more than 4,000 roles, taking the company from over 10,000 people to just under 6,000. Jack Dorsey tied the cuts to AI and said the business was not in financial trouble. Affected staff were offered 20 weeks of salary plus benefits.
Why it counts
Nearly half a company removed in one announcement, with AI given as the reason.