BBC News

Jack Dorsey's Block cuts thousands of roles as it embraces AI

Bloomberg

Jack Dorsey’s Block Slashes Nearly Half Its Staff in AI Bet

New York Post

Jack Dorseys chilling warning about job apocalypse  as he cuts 4,000

The National Pulse

Jack Dorsey's Block, Inc. Laying Off Almost 50 Percent of Workforce Because of AI.

Google Finance

Block Inc (XYZ) Stock Price & News

Block, Inc.

jack

Harvard Business Review

Companies Are Laying Off Workers Because of AIs PotentialNot Its Performance

People Management

AI washing: is tech really to blame for job losses?

Amazon

Update on our organization

Metaculus

What % of current workers will be replaced by AI systems performing end-to-end labor in 2030?

Andrew Ng

Dario Amodei

Marc Andreessen

Goldman Sachs

Ed Krassenstein

Demandsage

Mustafa Suleyman

Jim Farley

Vinod Khosla

Miles Deutscher

"The 'AI job loss' narratives are all fake. AI = massive ramp in productivity = massive ramp in demand = massive jobs boom."

"The timeline for firms to adopt AI on a wide scale is around 10 years, and 6-7% of workers will be displaced during that transition period."

"Five years from now—or perhaps further in the future—10% to 15% of [white collar] jobs in the US could be eliminated."

"AI poses a risk of eliminating 10-20% of entry-level white-collar jobs within the next one to five years."

"Starting in about 2030 — four years away — 80% of all jobs, so two-thirds of all jobs, will be capable of being done by an AI."

"Most of those [white-collar] tasks will be fully automated by an AI within the next 12 to 18 months."

"And as a result, it could displace ~30% of [white colloar] jobs before 2030."

"AI could wipe out half of all entry-level white-collar jobs — and spike unemployment to 10-20% in the next one to five years."

"AI will replace literally half of all white-collar workers in the U.S, AI is making its mark on the U.S. workforce. "

"In two years, I predict 60% of all of today’s office [white collar] jobs will be replaced by AI. In four years, 90% will be replaced by AI."

Will AI replace more than 25% of white-collar jobs in the United States before January 1, 2030?

Block, the financial technology company co-founded by Jack Dorsey, announced it is reducing its workforce by nearly half, cutting over 4,000 employees from approximately 10,000 to just under 6,000. The company cited artificial intelligence tools as enabling a new way of working.

Block, the financial technology company co-founded by Jack Dorsey, announced it is reducing its workforce by nearly half, cutting over 4,000 employees from approximately 10,000 to just under 6,000. The company cited artificial intelligence tools as enabling a new way of working.

Dorsey stated that the decision was not made because the company is in trouble, noting that Block's business is strong. He explained that intelligence tools paired with smaller teams are fundamentally changing what it means to build and run a company.

Dorsey stated that the decision was not made because the company is in trouble, noting that Block's business is strong. He explained that intelligence tools paired with smaller teams are fundamentally changing what it means to build and run a company.

Block reported gross profit of $10.36 billion in 2025, up 17% year-over-year, and $6.25 billion in revenue in the fourth quarter. The company's gross profit growth more than doubled from the first quarter to the fourth quarter of 2025.

Block reported gross profit of $10.36 billion in 2025, up 17% year-over-year, and $6.25 billion in revenue in the fourth quarter. The company's gross profit growth more than doubled from the first quarter to the fourth quarter of 2025.

Dorsey said he believes most companies are late to realizing the impact of AI and that the majority will reach the same conclusion within the next year. He stated he would rather make structural changes on the company's own terms than be forced into them reactively.

Dorsey said he believes most companies are late to realizing the impact of AI and that the majority will reach the same conclusion within the next year. He stated he would rather make structural changes on the company's own terms than be forced into them reactively.

Affected employees will receive 20 weeks of pay plus one additional week for each year of service, equity vested through the end of May, six months of health coverage and a $5,000 transition payment. Block will incur between $450 million and $500 million in restructuring costs.

Affected employees will receive 20 weeks of pay plus one additional week for each year of service, equity vested through the end of May, six months of health coverage and a $5,000 transition payment. Block will incur between $450 million and $500 million in restructuring costs.

Block's stock jumped more than 20% in extended trading after the announcement. The company had already undergone multiple rounds of layoffs in recent years, with its workforce having nearly tripled from 2019 to 2023.

Block's stock jumped more than 20% in extended trading after the announcement. The company had already undergone multiple rounds of layoffs in recent years, with its workforce having nearly tripled from 2019 to 2023.

Block Cuts 4,000 Jobs, Citing AI as Workforce Game-Changer

JackBlock Dorsey'sCuts Block4,000 cutsJobs, thousandsCiting ofAI jobs as itWorkforce embraces AIGame-Changer

The Controversies

Andreessen

Sachs

BCG

Demandsage

Khosla

Suleyman

Deutscher

Amodei

Farley

Krassenstein

Go Deeper

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters

Block Cuts 4,000 Jobs, Citing AI as Workforce Game-Changer

JackBlock Dorsey'sCuts Block4,000 cutsJobs, thousandsCiting ofAI jobs as itWorkforce embraces AIGame-Changer

The Controversies

Andreessen

Sachs

BCG

Demandsage

Khosla

Suleyman

Deutscher

Amodei

Farley

Krassenstein

Go Deeper

Sign Up for Our Free NewslettersSign Up for Our Free Newsletters

Sign Up for Our Free Newsletters
Sign Up for Our Free Newsletters