Jack Dorsey Slashes 4,000 Jobs While Chatting on Bluetooth App Named Bitchat
KEY POINTS
- •Jack Dorsey's Block announced Thursday it would cut over 4,000 employees, nearly half its staff.
- •Dorsey emphasized a shift to smaller teams and intelligence tools, ensuring a faster, smarter company.
- •Employees affected received 20 weeks salary, equity through May, six months healthcare, and a $5,000 transition allowance.
In a move that simultaneously screams brutal and tech-savvy, Jack Dorsey’s Block chopped over 4,000 jobs—half its workforce—while cheerily promoting its AI code editor Goose and his Bluetooth mesh app Bitchat. Announced on a Thursday via a heartfelt X post, Dorsey stressed this wasn’t a crisis because profits are climbing and customers multiply, but “something has changed.” Staff got 20 weeks pay, equity through May, six months healthcare, and a $5,000 ‘transition fund,’ probably for therapy or new unemployment-themed merch. Dorsey promises smaller, smarter teams fueled by intelligent tools to build the future, while holding an awkward goodbye video at 3:35pm Pacific. Because nothing says ‘we care’ like a timer on your layoffs.
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Cut 4,000 jobs but don’t worry, Block’s still making bank and coding smarter AI to replace feelings faster. #BitchatIsLit
Jack Dorsey cuts 4,000 jobs but comforts everyone with 20 weeks salary and a Bluetooth app called Bitchat. So soothing.
When your company halves its workforce but profits rise, you know the AI takeover is less sci-fi, more 'office memo.'
Source: Businessinsider | Published: 2/26/2026 | Author: Kelsey Vlamis
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