Coverage dated February 26, 2026

Read Jack Dorsey’s full statement as he lays off thousands of workers

Headline from Newsweek

Jack Dorsey says Block will cut more than 4,000 jobs as it pivots toward AI, sparking serious backlash online.

Newsweek's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.

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18 articles, oldest first.

Newsweek
Read Jack Dorsey’s full statement as he lays off thousands of workers (opens Newsweek)
Published Feb 26, 2026
Newsweek's feed description
Jack Dorsey says Block will cut more than 4,000 jobs as it pivots toward AI, sparking serious backlash online.
Forbes
Jack Dorsey Cut 4,000 Jobs For AI And Wall Street Added $8 Billion (opens Forbes)
Published Feb 26, 2026
Forbes's feed description
Block's stock surged 24% after the biggest AI-driven layoff yet. The market's reaction just created an instruction manual for every CEO in tech.
Insider
Jack Dorsey just laid off 40% of staff. He said he's still hiring AI engineers. (opens Insider)
Published Feb 26, 2026
Insider's feed description
Jack Dorsey said his company Block has seen in increase in productivity and that it will invest more in hiring senior AI engineering talent.
ABC 7 San Francisco
Jack Dorsey's Oakland-based fintech company Block cutting 4,000 jobs over AI shift (opens ABC 7 San Francisco)
Published Feb 26, 2026
ABC 7 San Francisco's feed description
Fintech company Block shares have soared more than 20% in after-hours trading after CEO Jack Dorsey announced layoffs of 4,000 employees due to AI.
Jezebel
Citing AI, Jack Dorsey Fired 40% of His Staff and Block Stock Popped. This Is Fine. (opens Jezebel)
Published Feb 26, 2026
Jezebel's feed description
The anxiety around AI taking people's jobs is real and justified, even if most of the AI hype isn't. It's happening all around us.
PJ Media
Jack Dorsey Is Firing 40 Percent of His Workforce and Replacing Them With AI (opens PJ Media)
Published Feb 26, 2026
PJ Media's feed description
Jack Dorsey cuts 40% of workforce to adopt AI, reshaping company operations and driving industry change.
Forbes
Jack Dorsey’s Block Surges After Workforce Nearly Halved (opens Forbes)
Published Feb 26, 2026
Forbes's feed description
Dorsey said he expects other companies to reduce their workforces as “intelligence tools” increase efficiency.
Insider
Block's Jack Dorsey wants nimble and quick. He thinks AI will do the trick. (opens Insider)
Published Feb 26, 2026
Insider's feed description
Block CEO Jack Dorsey said he's cutting nearly half his staff following a significant uptick in AI capabilities.
Forbes
Jack Dorsey Just Fired The Starting Gun On AI Layoffs (opens Forbes)
Published Feb 26, 2026
Forbes's feed description
Jack Dorsey cut 40% of Block's workforce and blamed AI directly — not restructuring. The stock jumped 20%. Here's why every CEO in America noticed.
Forbes
Jack Dorsey Bets Block's Future On AI, Cuts Nearly Half Its Workforce (opens Forbes)
Published Feb 26, 2026
Forbes's feed description
The fintech company behind Square and Cash App is slashing more than 4,000 jobs as AI has made that many people redundant. Wall Street agrees.
FOX Business
Jack Dorsey cuts nearly half of Block workforce amid major AI overhaul (opens FOX Business)
Published Feb 26, 2026
FOX Business's feed description
Block layoffs affect over 4,000 jobs as CEO Jack Dorsey cuts nearly half the workforce to integrate artificial intelligence throughout the payments company's operations.
Fortune
Jack Dorsey lays off 40% of Block, saying AI has changed the game: 'Intelligence tools have changed what it means to build and run a company' (opens Fortune)
Published Feb 26, 2026
Fortune's feed description
“A significantly smaller team, using the tools we’re building, can do more and do it better,” the Block CEO said.
Gizmodo
Jack Dorsey’s Block Cut Half Its Staff, and He Says Other Tech Firms Will Follow Soon (opens Gizmodo)
Published Feb 26, 2026
Gizmodo's feed description
Dorsey claimed that AI made the layoffs inevitable but later admitted he over-hired during covid.
Insider
CEO Jack Dorsey issues a dire warning about AI's impact as he cuts Block by almost half (opens Insider)
Published Feb 26, 2026
Insider's feed description
Block CEO Jack Dorsey warns of AI's impact on jobs after announcing 40% staff cuts, aiming for a leaner, AI-driven company approach.
Observer
Jack Dorsey Cut Half of Block’s Workforce and Wall Street Threw a Party (opens Observer)
Published Feb 26, 2026
Observer's feed description
Jack Dorsey is one of the most consequential entrepreneurs of his generation. When someone with that track record says A.I. is about to reshape every company in America, and then proves he means it by cutting his own organization in half, the prudent response is to take him at his word.
Breitbart News
Jack Dorsey's Block Cuts 40% of Workforce as AI Reshapes Company (opens Breitbart News)
Published Feb 26, 2026
Breitbart News's feed description
Block, Twitter founder Jack Dorsey's fintech company, announced plans Thursday to eliminate approximately 4,000 positions, representing 40 percent of its total workforce, as AI capabilities prompt a fundamental restructuring of how the company operates.
Fortune
Block CEO Jack Dorsey lays off nearly half of his staff because of AI and predicts most companies will make similar cuts in the next year (opens Fortune)
Published Feb 26, 2026
Fortune's feed description
The former Twitter CEO said AI was “enabling a new way of working” as his company scales back its workforce as a result of AI productivity gains.
Observer
Jack Dorsey Recasts Block as an A.I.-First Company (opens Observer)
Published Feb 26, 2026
Observer's feed description
Jack Dorsey is cutting 40 percent of Block’s workforce as he pivots Square and Cash App toward an A.I.-driven future powered by internal tools like Goose.