The Economic Times

Jack Dorsey sounds layoff alarm after Block slashes 50% staff which companies could be next?

Tech layoffs 2026: Block is slashing over 4,000 jobs, nearly half its workforce, in a single decisive move to boost morale and efficiency. CEO Jack Dorsey cites AI advancements as a catalyst for this restructuring, enabling leaner operations. This significant layoff, coupled with generous severance, highlights a growing trend in the tech industry as companies adapt to AI's transformative impact on employment.