2026-02-28 07:29:33

Nearly half layoffs, stock price up 23%

【Plain Language Summary】On February 26, 2026, Block released an impressive Q4 financial report, with the stock price soaring over 23% after hours, and market capitalization skyrocketing by approximately $2.4 billion.
On the same day, they issued review notices to 4,000 employees, accounting for up to 40%. Jack Dorsey publicly stated: AI intelligent tools enable fewer people to accomplish more and better work. The internal “Goose” AI ecosystem has already taken over 60% of customer service and many engineering tasks, with 6,000 remaining employees transitioning to “curators.”
Pakistan’s compensation difficulties cannot hide internal anxiety, but Wall Street is wildly optimistic, with per capita gross profit approaching $2 million. The “adapt to circumstances” experiment proclaims that AI is replacing corporate human labor logic, signaling a comprehensive transformation in white-collar job security.
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