Dorsey Fires 4,000 Workers, Wall Street Celebrates AI Shift

AI in 10

AI in 10
Dorsey Fires 4,000 Workers, Wall Street Celebrates AI Shift
Mar 28, 2026
Jack Dorsey cut 40% of Block's workforce despite strong profits, citing AI's fundamental business impact. Stock surged 24% as investors reward the bold efficiency play.

Referenced Links:
Block Official Website
Square Platform
Cash App
Block Investor Relations

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