Block to cut 4,000 jobs, nearly half its workforce, citing AI shift
Feb 27th 2026
Jack Dorsey’s payments firm is cutting nearly half its staff as it doubles down on AI tools like Goose after years of restructuring and weak stock performance.
- Block will eliminate about 4,000 positions, roughly half its employees.
- Company says the reduction is a bet on AI changing labor productivity.
- Block has been restructuring since 2024 as its stock lagged.
- The firm has invested heavily in AI and built an internal tool called Goose.
- The layoffs were announced on February 26, 2026.