Block, the parent company of Square, Cash App, and Tidal, laid off more than 4,000 employees in February 2026 in what is among the largest single AI-attributed reductions disclosed by a major technology firm this year. "We're already seeing that the intelligence tools we're creating and using, paired with smaller and flatter teams, are enabling a new way of working which fundamentally changes what it means to build and run a company," Dorsey wrote in a post on X.