Block, the parent company of Cash App and Square, announced Thursday it will be laying off more than 4,000 employees — a move that sent the company’s stock up 25% in after-hours trading.
For most companies, laying off nearly half the workforce would send stockholders into a panic, tanking the stock within minutes of the announcement. But in 2026, investors in Block appear to have the opposite perspective — viewing humans as a liability in the modern economy, thanks in large part to the AI revolution.
