What Happens to Jack Dorsey’s Crypto Vision as Block Slashes 40% of Its Workforce?

When Block, Inc. announced yesterday it was cutting nearly 40% of its workforce, Jack Dorsey framed as an efficiency reset. He called it an AI-driven restructuring aimed at making the company leaner and faster.

But beneath the cost-cutting rationale lies a deeper question for the crypto industry: what does this moment mean for Jack Dorsey and his long-standing crypto vision?

Ofcourse Block is not a traditional crypto company. It is a payments and financial services giant whose roots lie in Square, the merchant payments firm Dorsey co-founded. Yet over the past several years, Block has become one of the most visible bridges between mainstream fintech and Bitcoin. That make its internal shifts especially significant for the future of crypto adoption.

Block’s Bitcoin Moves

Block’s crypto exposure is most visible through Cash App, one of the largest consumer-facing on-ramps to Bitcoin in the U.S.

Cash App had 59 million monthly active users at the end of Q4 2025, and Cash App reported $16.2 billion in revenue for 2024.

Interestingly, roughly 62% of that revenue comes from Bitcoin transaction.

Beyond consumer products, Block has also invested heavily in Bitcoin infrastructure. Last year only in August 2025, Block unveiled Proto Rig, a modular Bitcoin mining system, alongside Proto Fleet, open-source software designed to manage mining operations at scale.

Unlike speculative token or DeFi initiatives, these efforts are positioned as long-term infrastructure bets. That aligns with Jack Dorsey’s public stance as a Bitcoin maximalist.

Also Read: Kalshi’s Fight Against Insider Trading

What Block Layoffs Mean

The scale of the layoffs suggests more than routine belt-tightening. Block has made it clear that the cuts are tied to an internal shift toward AI-led operations, automation, and faster execution.

In practical terms, that likely means fewer exploratory teams and a higher bar for projects that do not show a clear path to revenue or platform impact.

For crypto inside Block, this could act as a filter rather than a kill switch.

AI vs Crypto inside Block?

One of the most interesting tensions emerging from the layoffs is the internal competition for resources between AI and crypto. AI offers immediate efficiency gains by automating customer support, fraud detection, compliance checks, and internal workflows. Crypto, particularly Bitcoin infrastructure, is a longer-term bet with slower monetization curves.

There is little evidence so far that Block is walking away from crypto altogether. Cash App’s Bitcoin services remain active and central to its value proposition. Recently its Cash App lowered down fees for Bitcoin payments. Mining initiatives continue to be discussed as strategic investments rather than side projects. Public messaging from Dorsey has not softened and if anything, it has remained ideologically consistent.

Block’s layoffs do not signal the death of its crypto vision. But they do signal that only the most defensible parts of that vision. There will be fewer bets, tighter teams, and a sharper focus on Bitcoin products that fit squarely within Block’s financial ecosystem.