Block is a topic tracked in our intelligence system with 5 linked articles.
Tech giants in 2026 are cutting thousands of jobs while citing AI as a factor, with Microsoft, Amazon, Oracle, Google, Meta, IBM and others reducing headcount amid rising AI investment and revenue growth.
Cloudflare will cut about 1,100 jobs (~20% of its workforce), take $140–$150 million in charges in Q2, and guides Q2 revenue near consensus as it restructures around AI tools; stock fell about 19% after hours.
Cash App rolls out a pay-over-time feature for P2P transfers at 7.5% interest, enabling $25+ transfers to be repaid over up to six weeks (or in a single due date) with dynamic eligibility and protections to curb debt spirals.
Cash App launches a pay-over-time BNPL option for P2P transfers with a 7.5% fee, eligible for $25+ transfers and repayable weekly over up to six weeks (or in a single payment), backed by dynamic eligibility and built-in protections to prevent debt spirals.
Atlassian cuts 10% of its workforce (about 1,600 people) to redirect resources into AI initiatives.
Block CEO Jack Dorsey says he cut 40% of the workforce to rebuild the company as an 'intelligence' in a WIRED interview.
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