Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings

2026-2-28 01:14

Jack Dorsey says Block will cut over 40% of its workforce as shares surge 25% post earnings despite strong profit guidance. The post Jack Dorsey says Block to cut over 40% of workforce as stock surges 25% after earnings appeared first on Crypto Briefing. origin »

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Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block

Block shares jumped more than 20% in premarket trading after CEO Jack Dorsey told employees the company will cut more than 4,000 roles and reorganize around an “AI-era” operating model. The reduction takes Block from more than 10,000 employees to just under 6,000 (“nearly half,” in Dorsey’s wording), while the company’s 8-K describes a “Workforce […] The post Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block appeared first on CryptoSlate.

2026-2-28 14:35