Block announced the elimination of more than 40% of its workforce to focus on artificial intelligence. This major restructuring, revealed less than six months ago, is starting to pay off according to the company’s better-than-expected financial results. Owen Jennings, business lead at Block XYZ (which houses Square and Cash App), said the company could now ship higher-quality products much more quickly thanks to AI. The firm also shipped more features in the first half of 2026 than in the same period of 2025.
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