people · May 20, 2026
Block Inc cuts 40% workforce citing AI intelligence tools
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Block, Inc. cut its workforce by 4,000 employees out of 10,000 in February 2026. CEO Jack Dorsey attributed the cuts to gains from new intelligence tools including Anthropic’s Opus 4.6 and OpenAI’s Codex 5.3. The company shifted to smaller flatter teams after previously building separate structures around Square and Cash App during the COVID period. Block reported gross profit per employee rising to $2 million in 2026 from $1 million in 2025 following the reduction.
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