people · May 19, 2026
Jack Dorsey Cuts Block Workforce from Over 10,000 to Under 6,000 Employees
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CEO Jack Dorsey cut Block's global workforce from over 10,000 to under 6,000 employees on February 27, 2026. The reduction eliminated more than 4,000 positions, or roughly 40 percent of staff, with Dorsey attributing the move to AI tools enabling smaller teams. Block reported gross profit of $10.36 billion for full-year 2025, up 17 percent year-over-year. Block's stock surged roughly 22 percent on the announcement. Jack Dorsey and Roelof Botha published the essay From Hierarchy to Intelligence on March 31, 2026.
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