Jack Dorsey Fires 4,000 People Because AI Isn’t Lazy Enough Yet
KEY POINTS
- •In early 2026, Jack Dorsey announced layoffs cutting over 4,000 Block employees despite strong business claims.
- •Dorsey cited AI improving engineer productivity by 40% as the key reason for the drastic workforce reduction.
- •Block’s stock surged 18% in pre-market after the layoffs announcement, reflecting investor approval despite 80% stock decline since 2021.
On the very specific day of early 2026, Block CEO Jack Dorsey stunned everyone by chopping over 4,000 jobs—out of 10,000 employees—because artificial intelligence cranked engineers’ productivity up by 40%, apparently replacing humans without resorting to tiny robot coffee breaks. Despite Block’s stock tanking over 80% since 2021 lows and falling 16% that year alone, Dorsey proclaimed the layoffs were not due to financial woes but a bold AI-fueled future. A veteran data analyst lost his job mid-interview while witnessing AI automate his role, proving there’s no awkwardness quite like firing someone while pretending to hire them. Meanwhile, investors rewarded the action with an 18% pre-market stock boost, because nothing screams confidence like celebrating mass unemployment.
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Cutting 40% of your workforce because AI makes engineers 40% more productive is basically saying, 'We’re outsourcing human laziness to robots.'
Jack Dorsey just gave 'burnout' a new meaning: getting replaced by your own computers faster than you can finish a coffee.
If AI boosts output by 40%, does that mean the 4,000 fired people just bought AI tickets to Block’s unemployment party?
Source: Businessinsider | Published: 2/27/2026 | Author: Dan DeFrancesco
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