Block Corp, Led by Jack Dorsey, Cuts 40% of Workforce Amid AI-Driven Business Transformation

2026/02/27 11:02 (Updated 2026/02/27 13:00)

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Written by A.Yamada

Block Corp, Led by Jack Dorsey, Cuts 40% of Workforce Amid AI-Driven Business Transformation

On the 25th, Jack Dorsey, CEO of Block Corp, announced a 40% reduction in workforce, attributing the decision to a fundamental transformation in business operations driven by AI and other intelligence tools. The company's workforce will be nearly halved from over 10,000 to just under 6,000 employees. Dorsey explained that 'this decision is not made because we are facing difficulties.' He further elaborated, 'Our business is performing well with an increase in gross profit...'

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Iolite Vol.18

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MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30