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

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.