THENATIONALPULSE (William Upton) - Jack Dorsey’s Block, Inc. Laying Off Almost 50 Percent of Workforce Because of AI.
PULSE POINTSWHAT HAPPENED: Block, Inc., the San Francisco-based technology company formerly known as Square—which owns Cash App—and founded by former Twitter CEO Jack Dorsey and Jim McKelvey, announced on Thursday that it is laying off nearly half of its workforce.WHO WAS INVOLVED: Jack Dorsey, Jim McKelvey, Block, Inc. employees, Square, Cash App, and artificial intelligence tools.WHEN & […] The post Jack Dorsey’s Block, Inc. Laying Off Almost 50 Percent of Workforce Because of AI. appeared first on The National Pulse .
PULSE POINTS WHAT HAPPENED: Block, Inc., the San Francisco-based technology company formerly known as Square—which owns Cash App—and founded by former Twitter CEO Jack Dorsey and Jim McKelvey, announced on Thursday that it is laying off nearly half of its workforce. WHO WAS INVOLVED: Jack Dorsey, Jim McKelvey, Block, Inc. employees, Square, Cash App, and artificial intelligence tools. WHEN & WHERE: The announcement was made on Thursday, February 26, 2026. KEY QUOTE: “We’re not making this decision because we’re in trouble. Our business is strong… but something has changed. We’re already seeing that the intelligence tools we’re creating and using, paired with smaller and flatter teams, are enabling a new way of working…Open