Technology · 28 February 2026

Block cuts 4,000 jobs as it uses AI

Jack Dorsey's technology company, Block, is cutting around 4,000 jobs from its workforce. The company's headcount will fall from 10,000 to less than 6,000 after these layoffs. Block stated that these reductions are happening because it is embracing artificial intelligence. CEO Jack Dorsey said AI changes how companies are built, and Block's shares increased over 20%.

By BriefTea Editorial · 28 February 2026 at 12:54

Reported by BBC · How we write briefs

Get the app

More briefs

WorldTurkey, Saudi Arabia and Pakistan to discuss new mutual protection deal on Monday WorldIran's unseen supreme leader urges Gulf countries to fight a shared enemy BusinessIceland supermarket boss tells the Chancellor to cut business taxes for employers GeneralNigel Farage's £5m donor has major stakes in arms industry PoliticsTreasury officials advise John Healey to tax banks and oil companies more HealthCorrecting hearing loss can cut dementia risk by almost half Browse all stories →