Business

Block Cuts Workforce and Sees Earnings Boost from AI Efforts

Updated 2026-08-05 22:25 UTC 1 source Positive

Block has slashed its workforce by 40% to focus on AI. The move is paying off, as the company reported better-than-expected earnings, citing higher-quality product shipments.

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MarketWatch

Block slashed 40% of its workforce for AI — and earnings suggest that’s paying off

“We can ship higher-quality products much, much more quickly,” an executive said in the wake of the company’s better-than-expected earnings report

2026-08-05 22:19 UTC