Block just laid off nearly 4,000 employees - cutting its workforce almost in half - and CEO Jack Dorsey says it’s not because the company is struggling. In this edition of the Web News, we break down Jack’s X post explaining the decision and what it signals about AI-driven productivity, flatter teams, and the future of tech companies. Is this a one-off restructuring - or the beginning of a major shift in how companies are built? Matt and Mike also discuss how to remain ready for market changes and how to avoid the fear of what seems like career-level existential threats.
Block has reduced its workforce by nearly 4,000 people - shrinking the company dramatically - yet CEO Jack Dorsey insists the move isn’t about financial distress. Instead, he points to AI-powered tools, leaner teams, and a fundamental shift in how modern companies operate. In this Web News segment, Matt and Mike unpack what his statement really means, whether this signals a structural transformation across the tech industry, and how developers can stay adaptable without spiraling into fear about long-term career stability.
Jack's X post announcing the Block layoffs.
