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Story summary
- Block, Inc., founded by Jack Dorsey, cut 40% of its workforce in February 2026, from 10,000 to 6,000.
- CFO Amrita Ahuja described the layoffs as a planned shift toward AI-driven operations.
- Internal AI tools boosted gross profit per employee from $500,000 to an expected $2 million in 2026.
- Block plans customer-facing AI tools, including Square AI and ManagerBot.
- Ahuja said the layoffs sparked industry discussions on AI adoption pace.
