� Block cuts 4,000+ jobs as Jack Dorsey pivots to AI-first model

Jack Dorsey announced Block will reduce headcount from over 10,000 to under 6,000 employees. More than 4,000 people are leaving or entering consultation.

Dorsey said the move is not due to weak business performance. Instead, he pointed to AI tools and smaller, flatter teams enabling a new way of building and running the company. He chose a single large cut over gradual reductions.

Severance includes 20 weeks of pay plus one week per year of tenure, six months of healthcare, vested equity through May, and $5,000 in transition support.

This is one of the first large scale workforce reductions explicitly tied to an AI-driven operating shift.

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