Block Cuts 4,000 Jobs While Forecasting 18% Profit Growth as AI Replaces Financial Workers
Block Inc is eliminating over 4,000 positions, reducing headcount from 10,000 to under 6,000, while projecting 18% gross profit growth in 2026. CEO Jack Dorsey says AI enables building companies with smaller teams, signaling a sector-wide shift as LexinFintech deploys AI agents across operations.
ViaNews Editorial Team (Markets)•