CZ on Block layoffs: Embrace AI or be replaced by AI

GateUser-6433627c · 2026-02-27T04:20:30+00:00

CEX founder CZ comments on Block's plan to lay off nearly half of its staff, stating that in the face of AI challenges, companies must either effectively utilize AI or face being replaced. Block will cut 4,000 employees, betting on AI to boost productivity, which caused the stock price to rise by 22%.

GateUser-6433627c

2026-02-27 04:20:30

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On February 27, CEX founder CZ commented on social media about the news that “Block plans to lay off nearly half of its staff to focus on AI to improve company efficiency,” stating: “The reality is, either you use AI to the fullest or wait to be replaced/laid off by AI.” Previously, BlockBeats reported that Jack Dorsey’s Bitcoin payment company, Block, is cutting 4,000 employees, nearly half of its workforce. The company is betting on artificial intelligence to change future labor productivity. Following the layoffs, Block’s stock price surged 22% in after-hours trading.

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