ExplicitFebruary 27, 2026· Technology
Block
On February 27, 2026, Block announced 4,000 job losses. The company explicitly cited AI as a factor.
Jobs lost
4,000
US jobs
4,000
Workforce
10,000
% of workforce
40%
Editorial note
Block, the parent of Square and Cash App, announced on February 26, 2026 that it would cut more than 4,000 jobs. The attribution is Explicit: CEO Jack Dorsey and CFO Amrita Ahuja named AI directly, with Ahuja citing an opportunity to "move faster with smaller, highly talented teams using AI to automate more work."
Sources
Market reaction
On the day of announcement, Block stock moved +51.8%.