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The Latest Breaking News from Block

Marc Andreessen says AI layoffs are a farce: Companies are 75% overstaffed and AI is the ‘silver bullet excuse’ to clean house

The venture capitalist thinks companies are citing AI as an excuse to cut down workforces for alternative reasons.

Fortune

A Former Block Contestant Has Announced They’re Returning For 2026 Season So Tools Up

After becoming a fan favourite on last year’s season of The Block, one contestant has announced they’re returning to the reality show.

Pedestrian.tv

Andy Jassy and Jack Dorsey Blamed AI for Massive Layoffs, but OpenAI CEO Sam Altman Warns ‘AI Washing’ Is Real. What’s Really Going on with Huge Job Cuts?

More and more Silicon Valley CEOs are blaming job losses on AI. But according to OpenAI CEO Sam Altman, these big layoffs have less to do with technology and more to do with traditional business fundamentals.

Barchart

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Tech Layoffs Surge to 59,000 in 2026 as Amazon, Meta and Block Cut Jobs Amid AI Shift — Who's Next?

AI and automation led to over 59,000 job cuts in 2026. Discover how companies like Amazon and Block are using AI for efficiency and what it means for future employment.

International Business Times UK

Epic Games Layoffs Affect 1,000 Staff, Company Denies AI Role in Cuts

Epic Games is restructuring, with over 1,000 layoffs amid financial strain and legal battles with Apple and Google. The company is refocusing on core experiences and future growth, affecting Fortnite and the gaming industry.

International Business Times UK

Perplexity CEO says AI layoffs aren’t so bad because people hate their jobs anyways: ‘That sort of glorious future is what we should look forward to’

Aravind Srinivas suggested AI will enable a new era of small business entrepreneurship he believes was lost in the early 20th century.

Fortune

AI may be helping more people start their own businesses, but without many employees

The cofounders of one startup said they are bringing in $1 million per month with 13 employees thanks to AI.

Fortune

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Why Block's COO is tracking 'gross profit per employee'—and how AI is on track to double it to $2 million

Block's Amrita Ahuja explains what is driving gross profit per employee to record levels inside the company.

Fortune

$12 billion AI startup founder says future tech giants could operate with fewer than 100 employees

Advances in AI are enabling some startups to scale to millions of users with lean teams.

Fortune

Block Stock Just Crashed Below Its 50-Day Moving Average. Should You Buy the Dip?

Block shares have slipped below their 50-day MA, indicating bearish momentum. But there are ample reasons for long-term investors to load up on XYZ stock today.

Barchart

Sweeping cuts at Meta could see 16,000 jobs lost as company pumps money into AI

CEO Mark Zuckerberg told investors that ‘projects that used to require big teams now be accomplished by a single, very talented person’

The Independent UK

Will AI take Australian jobs, or is it just an excuse for corporate restructure?

More than 1,000 Australian tech jobs have recently been cut, with companies citing AI productivity gains. But that’s not the full story, experts say

The Guardian - AU

‘Devastating blow’: Atlassian lays off 1,600 workers ahead of AI push

Layoffs to affect 10% of workforce amid Australian company’s restructuring plan to push into artificial intelligence and enterprise sales

The Guardian - AU

Amazon is determined to use AI for everything – even when it slows down work

Corporate employees said Amazon’s race to roll out AI is leading to surveillance, slop and ‘more work for everyone’.

The Guardian - US

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Fortune

Is AI about to take your job? New Anthropic research suggests the answer is more complicated than you think.

Tasks in jobs involving computers and math are 94% exposed to AI. But AI is currently being used for only a third of them. Why?

The Economic Times

Jack Dorsey's mass job cuts expose tech's bogus narrative

Block Inc. CEO Jack Dorsey announced significant layoffs, framing them as a move towards artificial intelligence. This strategy mirrors a long-standing Silicon Valley tradition of reinterpreting setbacks as forward-thinking innovation. The company's past decisions, including over-hiring and questionable acquisitions, are now overshadowed by this new narrative. This approach aims to…

The Guardian - US

Current and former Block workers say AI can’t do their jobs after Jack Dorsey’s mass layoffs: ‘You can’t really AI that’

The CEO said he cut the company’s workforce by 4,000 people – almost in half – because of gains in AI productivity

Fortune

Peter Thiel warned AI is coming for 'math people before word people.' Banks have already said smaller headcounts are possible

Last month, Block announced a 40% cut to its headcount, or about 4,000 jobs, and cited AI models as a top reason.

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Fortune

The unexpected 92,000 drop in payrolls is a clue we might be reading the AI jobs narrative all wrong

Is AI taking jobs? Or are companies cutting jobs to pay for the enormous capex outlays on AI?

Fortune

How Block’s CFO became convinced the company needed only 60% of its staff

The finance chief discusses why a profitable fintech is betting that an AI-native workforce can outpace a much larger one.

Fortune

Iran is turning out to be a more effective enemy than many thought, and U.S. allies are losing their patience with the war

Everything you need to know before you get to the office today.

Fortune

Exclusive: Block’s CFO explains the AI leaps over 18 months that led to the decision to slash nearly half its workforce

New tools including its custom LLM "goose" gave leaders confidence that smaller teams can now handle “really meaningful bodies of work,” says Block’s CFO and COO Amrita Ahuja.

MarketBeat

Cash Flow Kings: 2 Stocks to Hide In, 1 to Avoid

Dell and Block generate strong free cash flow and bullish analyst sentiment in 2026. Lucid's negative margins and heavy short interest tell a different story.

Barchart

Block Stock Surges 20% After Jack Dorsey’s AI Layoff Bet — Buy, Hold, or Sell?

Investors reward Block’s AI shift, even as thousands lose jobs, but it’s still a risky bet.

Fortune

3 questions every CEO needs to ask about the AI jobs doom loop in the wake of Jack Dorsey’s dramatic 40% layoffs at Block

Dorsey’s move sparked fresh debate about AI’s impact on jobs after a week dominated by doomsday scenarios.

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