AI-First Model & 40% Workforce Reduction
Block announced a major workforce reduction of more than 40%, trimming staff from over 10,000 to under 6,000 employees. CEO Jack Dorsey framed the move as a shift to an "AI-first" operating model. The company also raised its full-year 2026 outlook, targeting gross profit of $12.2 billion with 18% year-over-year growth. International Business Times