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Block · Finance · 5 May 2026

Block tells shareholders a much smaller team can do more with its AI tools

Layoff · Company stated

In February, Jack Dorsey told shareholders that Block will shrink from around 10,000 employees to 6,000 because the company's AI tools are speeding the work. CBS News carried the letter in May, in a piece on companies pointing to AI as they cut jobs.

“A significantly smaller team, using the tools we're building, can do more and do it better.”