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Block, Inc. CEO Cuts 40% Staff Amid AI Shift

3/7/2026

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Story summary
  • Block, Inc. CEO Jack Dorsey announced a 40% staff reduction, citing AI advancements.
  • He described the move as difficult but inevitable.
  • Data scientist Naoko Takeda criticized retention offers, saying the layoffs showcase Dorsey’s AI credentials rather than necessity.
  • Aaron Zamost, a former communications head, echoed concerns about the authenticity of Dorsey’s claims and Block’s direction after prior cuts.