EL7.AI
StocksHigh ImpactUpdated×3•Originally published 26 February 2026•Updated 27 February 2026•
1 min read

Block Shares Surge 30% on AI Pivot as William Blair Highlights Square’s Growth Potential

Key Facts

1Block is cutting 4,000 employees, nearly half of its total headcount.
2The company aims to invest heavily in AI tools to run more efficiently, including an internal tool called 'Goose'.
3Shares surged over 30% in after-hours trading following the announcement.
4Block reported a gross profit of $10.36 billion in 2025, up 17% year-over-year.

Block Inc. is moving forward with a restructuring plan to cut 40% of its workforce while pivoting toward an AI-centric operational model, sending SQ shares up 30%. CEO Jack Dorsey emphasized that smaller, AI-empowered teams will outperform traditional structures, utilizing internal tools like 'Goose' to maximize efficiency. Analysts at William Blair noted that the company’s Square unit stands to gain the most from this strategic shift toward artificial intelligence. The firm further highlighted that Block’s recent financial results and future guidance demonstrate building financial momentum. This follows a strong fiscal year where the company reported a 2025 gross profit of $10.36 billion, a 17% year-over-year increase. This transformation underscores Dorsey’s commitment to redefining corporate productivity through advanced technology and streamlined operations.