Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block

Block CEO Jack Dorsey announced a massive restructuring that will cut over 4,000 jobs (nearly 50% of workforce) as the company pivots to an 'AI-era' operating model. Block shares surged over 20% in premarket trading following the announcement of the workforce reduction from 10,000+ to under 6,000 employees.