Jack Dorsey Fires 4,000 People to Hire Smarter Robots Instead
KEY POINTS
- •Jack Dorsey's fintech company Block announced on Thursday a 40% workforce cut, reducing employees from 10,000 to just under 6,000.
- •Dorsey explained that accelerated AI coding tools enable smaller teams to produce weeks' worth of work in a fraction of the time.
- •Despite layoffs, Block expects to hire senior AI engineering talent and viewed the move as a productivity booster, not a sign of trouble.
On February 2026’s most head-scratching memo, fintech kingpin Jack Dorsey announced Block slashed its staff from 10,000 down to just under 6,000—yep, a 40% layoff. Why? Because AI now codes faster than humans, turning weeks of engineering into what sounds like magic bullet time. Dorsey proudly touted a 40% boom in production per engineer since last September, thanks to AI-powered coding tools that apparently skip coffee breaks and existential dread. Despite torching thousands, the company is still on vampire hunt mode for senior AI engineers. Block’s stock popped 23% after hours, probably from Wall Street betting on bots taking over workplace drama.
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Nothing screams ‘we value people’ quite like firing 40% of your staff immediately before announcing you need more AI experts. Block’s motto: compress human effort, expand robot empire.
Lay off thousands, then ask the bots for help? Dorsey’s trying a new recipe: 'Less humans, more magic code.'
Block just confirmed the future: humans = obsolete, AI = your new boss, laughing silently at your ‘productivity.’
Source: Businessinsider | Published: 2/27/2026 | Author: Lloyd Lee
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