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Jack Dorsey’s Block cutting 4,000 employees, reducing workforce by nearly 50%. Shares jump

Jack Dorsey’s Block cutting 4,000 employees, reducing workforce by nearly 50%. Shares jump

Stocks
Eamonn Sheridan
26/02/2026 | 21:21 GMT
  • Massive headcount cut.
block cut 50 percent jack dorsey

Shares jumped on the news. The vibe here is a slashing of back office costs, replacement with AI tools.

block shares jump cuts 27 February 2026
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