Robots & Artificial IntelligenceJack Dorsey’s Block axes ‘nearly half’ of workforce in chilling sign of AI’s impact on employment Posted on March 16, 2026 by Administrator Jack Dorsey has axed thousands of workers at Block, the parent company of Cash App, Square and Afterpay, in a move signaling a major shift toward artificial intelligence. In a note to staff, Dorsey explained that Block would be taking on risk by investing in ‘intelligence tools,’ as the company cut more than 4,000 employees on Thursday. ‘We’re not making this decision because we’re in trouble,’ wrote the Twitter creator. ‘Our business is strong. Gross profit continues to grow, we continue to serve more and more customers, and profitability is improving.’
