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4d ago

Block to Cut About 4,000 Jobs, Citing AI-Enabled Shift to Leaner Teams

Most reductions finish by mid‑2026, with defined severance plus restructuring costs estimated at up to $500 million.

Image
Jack Dorcey, el fundador de Twitter, sostiene que la inteligencia artificial no reduce el trabajo, sino que lo transforma y, en algunos casos, lo reemplaza. | Crédito: AP/Canva
La IA desata la volatilidad en bolsa y pone a prueba la resiliencia del sector software
Un técnico de una compañía coreana fabricante de teléfonos móviles con IA incorporada revisa el estado de un terminal.

Overview

  • Jack Dorsey said Block will shrink from more than 10,000 employees to just under 6,000, inviting over 4,000 to leave or enter consultations.
  • Dorsey framed the move as a structural redesign enabled by automation tools and predicted many companies will take similar steps within a year.
  • Affected staff are slated to receive at least 20 weeks of pay, equity vesting through the end of May, six months of healthcare, company devices and $5,000 in additional support.
  • Block expects to complete most cuts in the first half of 2026 and forecasts roughly $450–$500 million in restructuring charges.
  • Shares jumped more than 20% in extended and pre‑market trading, while the company has not specified which teams or locations are affected and analysts differ on whether the rationale reflects realized efficiency or broader cost control.