Shocking the industry: Block cuts 4,000 employees at once as the global smart crisis unfolds early
Written by: 0xjs@Golden Finance
On February 26, 2026, the payment technology giant Block (formerly Square), founded by Twitter founder Jack Dorsey, announced a shocking decision:
Lay off more than 4,000 employees, nearly half of its total workforce, reducing the team size from over 10,000 to less than 6,000.
This news quickly boosted the company's stock price, which rose over 24% in after-hours trading. On the surface, this seems to be another round of "downsizing" in the tech industry, but a deeper analysis of Block's financial situation reveals that this is not due to financial difficulties, but a strategic move by the company to embrace AI to improve efficiency.
However, if we examine this through the lens of the recently discussed article "2028 Global Intelligence Crisis," this
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TechubNews·02-27 08:55



