The Ugly Truth: The AI Reckoning: Beyond Block's Cuts – Why Legacy Companies Risk Becoming Walking Dead, and What True Multiplication Looks Like

When Jack Dorsey announced on February 26, 2026, that Block (the parent of Square and Cash App) was cutting more than 4,000 jobs—nearly half its workforce from over 10,000 to under 6,000—the markets responded enthusiastically. Shares surged 20–25% in after-hours trading, and Block raised its 2026 gross profit guidance to ~$12.2 billion after strong 2025 results.