Block to slash workforce by nearly half

An article by Caroline Soutarson

Publication

6 March 2026 à 16h56

Reading time

1 minute

Publication: 6 March 2026 à 16h56

Reading time: 1 minute

An article by Caroline Soutarson

Publication

6 March 2026 à 16h56

Reading time

1 minute

Publication: 6 March 2026 à 16h56

Reading time: 1 minute

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The news. In his latest shareholder letter, Jack Dorsey, CEO of payment service provider Block (formerly Square), announced plans to slash the company’s workforce “by nearly half, from over 10,000 people to just under 6,000.” The layoffs are set to be completed by mid-2026. mind’s take.

The stakes. Following the lead of Amazon, Meta, and Microsoft in recent months, the PSP believes AI will drive productivity gains while reducing personnel costs. “A significantly smaller team, leveraging the tool

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Article authors

Featured image of the article Caroline Soutarson

Caroline Soutarson Head of the “Mind Fintech” section

Cheffe de rubrique Investissement et référente data chez mind Fintech

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