Block Laying Off 4,000 Staff Members Due to AI, Says Jack Dorsey

The chairman predicted that other companies will also make ‘similar structural changes’ at their organizations within the next year.

Then-Twitter CEO Jack Dorsey addresses students during a town hall at the Indian Institute of Technology in New Delhi, India, on Nov. 12, 2018. Anushree Fadnavis/Reuters

California-based financial services company Block is reducing its workforce to fewer than 6,000 from more than 10,000 workers because of increased utilization of artificial intelligence tools at the company, Block co-founder and chairman Jack Dorsey said in a Feb. 26 post on X.

The workforce reduction means that “over 4,000 of you are being asked to leave or entering into consultation,” said Dorsey, founder of Twitter, now known as X.