Block on Thursday said it will cut over 4,000 jobs, or nearly half its workforce, as advances in AI reshape how it builds and runs its business, sending its shares up 22% in after-hours trading.
The layoffs underscore how the AI boom is translating from hype into workforce changes, fueling long-held concerns among workers and economists that the technology could eliminate roles even as it boosts productivity and profits.
Sign up here.
“Intel… [1248 chars]
Source: Reuters | Published: 2026-02-26T21:14:29Z
Credit: Reuters
