Jack Dorsey's Block to cut over 4,000 jobs as AI use expands, shares surge
Reuters·2026-02-26 21:14
Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Block's fourth-quarter profit rises, announces over 4,000 job cuts February 26, 20269:14 PM UTCUpdated ago By Reuters Feb 26 (Reuters) - Block (XYZ.N), opens new tab said on Thursday its fourth-quarter profit rose on strong demand for its payments products and services, and it will cut over 4,000 jobs, sending shares up 20% in after- hours trading. The company said it expects to incur roughly ...