Block Cuts 4,000 Jobs While Revenue Grows, AI Tools Drive 80% Drop in Stock Comp Costs
Block reduced headcount 50% from 10,000 to 6,000 employees while maintaining revenue growth, with CEO Jack Dorsey citing AI tools enabling smaller teams. Real Brokerage cut stock-based compensation 80 basis points year-over-year while growing revenue. The trend signals a paradigm shift where fintech valuations may reward AI-driven efficiency over headcount expansion.
ViaNews Editorial Team (Markets)•