Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same
- Posted on February 26, 2026
- By CNN
- 4 Views
Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same
Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey.
