Friday, 27 February, 2026
Jack Dorsey Halves Block Workforce with 4,000 Layoffs
Jack Dorsey has executed a massive restructuring at Block, slashing 4,000 jobs to reduce the workforce by half. This aggressive downsizing aims to eliminate corporate inertia and return the firm to a leaner, "founder-led" efficiency. Issuing a stark warning to the broader tech industry, Dorsey suggested that many silicon valley giants remain overstaffed and inefficient, signaling that more deep cuts across the global technology landscape are inevitable.
Read full story at TechCrunch