Block lays off 40% of workforce as it goes all-in on AI tools

Ars Technica
By Peter Wells and Akila Quinio, Financial…Feb 27, 2026, 9:19 am88 pts
Block, the fintech group headed by Twitter cofounder Jack Dorsey, will cut its workforce by “nearly half” in one of the clearest signs of the sweeping changes AI tools are having on employment. Shares in the payment company soared more than 25 percent in after-hours trading on Thursday as it announced it…

Read Article Share
Share Article
- email
- x.com
- facebook
- pocket
- reddit
- tumblr
- linkedin
- pinterest

Trending Today on Tech News Tube

Best Premium Soundbars: Dolby Atmos, Hi-Res Audio, and More

Wired

Best Premium Soundbars: Dolby Atmos, Hi-Res Audio, and More 129

Accel, Prosus pick six ‘off-the-map’ startups for inaugural India cohort

TechCrunch

Accel, Prosus pick six ‘off-the-map’ startups for inaugural India cohort 125

New Mexico just handed Meta its first courtroom defeat over child safety, and the rest of the country is watching

TechCrunch

New Mexico just handed Meta its first courtroom defeat over child safety, and the rest of the country is watching 125

Amazon just bought a startup making kid-size humanoid robots

TechCrunch

Amazon just bought a startup making kid-size humanoid robots 124

iOS 26.4 Features: Everything New in iOS 26.4

MacRumors

iOS 26.4 Features: Everything New in iOS 26.4 123

Lululemon bets Epoch Biodesign can eat its shorts, literally

TechCrunch

Lululemon bets Epoch Biodesign can eat its shorts, literally 116

Arm Lends a Hand, Launches In-House AI Chip With Meta as Its First Customer

Gizmodo

Arm Lends a Hand, Launches In-House AI Chip With Meta as Its First Customer 113

Pinterest launches a new feature to promote a Pin

TechCrunch

Pinterest launches a new feature to promote a Pin 111

About Tech News Tube

Tech News Tube is a real time news feed of the latest technology news headlines.

Follow all of the top tech sites in one place, on the web or your mobile device.

Featured

Analysis: Qualcomm restructures Asia…

Analysis: Qualcomm restructures Asia operations, giving Taiwan greater strategic…

Xiaomi flags memory pressure, sees Apple…

Xiaomi flags memory pressure, sees Apple user conversions, and pushes embodied…

Agentic AI shift puts CPUs at the core…

Agentic AI shift puts CPUs at the core as Arm rolls out first chip

‘Watershed Moment’: Meta Just Lost a…

‘Watershed Moment’: Meta Just Lost a Huge Court Case About Child Safety

Arm unveils AGI CPU aimed at scaling…

Arm unveils AGI CPU aimed at scaling agentic AI, promising higher rack…

At AI Expo, Google Quantum AI software…

At AI Expo, Google Quantum AI software engineering manager sees shifts toward…

HP stuffs OpenAI LLM into new laptops to…

HP stuffs OpenAI LLM into new laptops to make them either more useful at work,…

OpenAI’s Sora was the creepiest app on…

OpenAI’s Sora was the creepiest app on your phone — now it’s shutting down

Apple Releases watchOS 5 and watchOS 8…

Apple Releases watchOS 5 and watchOS 8 Updates to Keep FaceTime and iMessage…

Arm moves beyond IP with AGI CPU silicon…

Arm moves beyond IP with AGI CPU silicon — 136-core data center chip targets…