Jack Dorsey's Block sacks 4,000 employees

27-Feb-2026

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Twitter co-founder Jack Dorsey said he is cutting more than 4,000 jobs at Block, reducing the payments company’s workforce by nearly half.

“Today we’re making one of the hardest decisions in the history of our company,” CEO Dorsey wrote in a lengthy post on X. “We’re reducing our organization by nearly half, from over 10,000 people to just under 6,000.”

Dorsey, who co-founded both Block and Twitter, said he had two choices. “I had two options: cut gradually over months or years as this shift plays out, or be honest about where we are and act on it now. I chose the latter.”