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Block laying off 40 percent of staff, citing AI advancements

by LJ News Opinions
February 27, 2026
in Business
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Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.” The company’s CEO, Twitter co-founder Jack Dorsey, announced Thursday the company is being reduced from more than 10,000 employees…

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