"I don't think we're early to this realization. I think most companies are late. Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes. I'd rather get there honestly and on our own terms than be forced into it reactively."
"Block's workforce is shrinking from over 10,000 people to just below 6,000 people, with some employees entering consultation. Dorsey credits 'intelligence tools' with motivating the change, explaining that these tools and a 'significantly smaller team' will allow the company to be better and do more."
Block Inc CEO Jack Dorsey announced a significant workforce reduction from over 10,000 employees to just below 6,000, framing the layoffs as a strategic move driven by AI and intelligence tools adoption. Dorsey positions this decision as forward-thinking, arguing that most companies are late to recognize the need for leaner operations powered by AI capabilities. He states that within the next year, the majority of companies will make similar structural changes, and Block is choosing to act proactively rather than reactively. The announcement coincided with Block's fourth quarter 2025 results, which showed doubled gross profits compared to the first quarter. Block operates multiple fintech brands including Square, Cash App, and Afterpay, plus music streaming service Tidal.
#ai-driven-workforce-reduction #corporate-restructuring #fintech-industry #shareholder-communication #business-efficiency
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