Jack Dorsey Cuts Half His Staff to Make AI the New Overlord
KEY POINTS
- •Block CEO Jack Dorsey cut the company’s workforce from over 10,000 to under 6,000 in early 2026.
- •Dorsey said the restructuring wasn’t due to trouble but to adopt AI as the core of the business.
- •Investors rewarded the move with a 17% stock jump, while employees questioned AI's impact on jobs.
In a February 2026 fintech plot twist, Jack Dorsey—yes, the Twitter ghostowner turned crypto-wizard—decided that Block was suffering from excessive human energy and trimmed its workforce from a staggering 10,000 to under 6,000. He called it 'a new way of working,' aka let the robots do the heavy lifting while the humans get ghosted. This AI-driven gutting wasn’t born from desperation—Dorsey swears the company isn’t in trouble—just a new Corporate America power move. A laid-off Block data analyst described his pink slip as an 'oh no' moment after realizing his job got fully automated before lunch. Wall Street, naturally, threw a 17% party for Dorsey’s cuts, signaling to all techbro gladiators ‘learn AI and hustle overnight—or don’t bother clocking in.' Balaji Srinivasan called it the 'first AI cut,' and the dawn of mass tech layoffs, while some skeptics wonder if this AI apocalypse is just a fancy cover-up for messy COVID hiring binges.
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Jack Dorsey just turned Block into the AI Hunger Games: survive by becoming half a human and twice a cyborg or get voted off the island—and your cubicle.
Congrats, 4,000 employees just found out their new manager is a line of code. And it doesn’t drink coffee.
Dorsey laid off half his crew but promises no crisis; translation: AI’s now your overpaid coworker who never takes lunch.
Source: Businessinsider | Published: 3/1/2026 | Author: Steve Russolillo
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