Block Fires 4,000 Workers, Stock Jumps 22% as Dorsey Cites AI Shift

TLDR: Block is cutting headcount from 10,000 to under 6,000, the largest AI-linked layoff in corporate history. 2026 profit guidance rose 54%, with EPS of $3.66 crushing the analyst estimate of $3.22. Goose, Block’s internal AI platform, helped engineers ship 40% more code per person in six months. Dorsey warned most companies will face the [...]

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