people · May 20, 2026
Block Inc CFO warns of deep AI-driven job cuts across companies
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Block Inc CFO stated that deep job cuts from AI adoption represent an inevitability for companies. The company now targets $2 million gross profit per employee in 2026 after the February 2026 workforce reduction from over 10,000 to under 6,000. Block reported Q4 2025 gross profit of $2.87 billion with Cash App gross profit up 33 percent year-over-year. The restructuring followed a $68 million company event and addressed duplicated management hierarchies built around Square and Cash App.
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