Block Lays Off Thousands, Meta Could Be Next. Who Else Will Slash Jobs?

Fears of widespread white-collar layoffs have intensified—and, in some cases, been realized—over the first quarter of 2026. The poster child for those worries is Block which laid off 40% of its workforce at the end of last month. Artificial intelligence tools, CEO Jack Dorsey said, allowed for a “significantly smaller team” to “do more and do it better.”