Bitcoin pioneer Jack Dorsey wants 50% staff cut to feel “awkwardly human” as AI-era reset begins at Block

Block shares jumped more than 20% in premarket trading after CEO Jack Dorsey told employees the company will cut more than 4,000 roles and reorganize around an “AI-era” operating model. The reduction takes Block from more than 10,000 employees to just under 6,000 (“nearly half,” in Dorsey’s wording), while the company’s 8-K describes a “Workforce Plan” that will reduce headcount by more than 40%. Block stock price ju…