Block layoffs: Shares rise 24% as company cuts over 4,000 jobs in AI-led reset; CEO says ‘majority will follow’
- Posted on February 26, 2026
- By Financial Express
- 3 Views
Block layoffs: Shares rise 24% as company cuts over 4,000 jobs in AI-led reset; CEO says ‘majority will follow’
Block, the fintech company behind Square, Cash App and Afterpay, is cutting about 40% of its workforce — more than 4,000 jobs.
