how did Block get rid of some many jobs from AI?

Block, the fintech company founded by Jack Dorsey, eliminated approximately 40% of its workforce—around 4,000 jobs—by embracing artificial intelligence tools that enable more efficient operations [1][2][3]. The company's top executives attributed the layoffs directly to these new AI technologies, stating that they "can do more and do it better," allowing the firm to consolidate roles and streamline workflows without needing as many human workers [5][8]. This move was announced in late February 2026, leading to a 23-25% surge in Block's stock price as investors viewed the AI-driven efficiencies positively [2][5][8]. While the sources confirm the scale and AI rationale, they do not detail the specific implementation process beyond auditing internal workflows for AI consolidation [3].