International Companies

Block to axe 4,000 jobs as it embraces AI, shares soar

By Abigail Townsend

Date: Friday 27 Feb 2026

(Sharecast News) - Shares in Jack Dorsey's Block soared on Friday, after the fintech confirmed it would be axing nearly half of its workforce in favour of artificial intelligence.
In a letter sent to shareholders after the bell on Thursday, the Twitter co-founder said Block had shared a "difficult decision" with...

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