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Jack Dorsey’s Block to lay off 4000 employees as the AI era arrives

February 27th 2026

Jack Dorsey is taking the axe to Block, outlining plans to lay off more than 40% of the fintech’s workforce after concluding that AI has “changed what it means to build and run a company”.

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FX hedging platform Bound raises $24.5 million

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ClearBank hires Visa’s Neil Drennan as CTO

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BIS project tests the limits of micoservice-based settlement engines

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BBVA joins bank-backed euro stablecoin joint venture

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Apexx Global raises $10m for payments orchestration platform

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Neo Financial raises C$68.5m for securitisation programme

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Chase UK moves into insurance

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FTSE 100 slides amid fears that AI will devour business models

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Revolut Business launches full-suite merchant acquiring product in Australia

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DLT-based capital markets startup Axiology raises €5 million

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Visa Direct and UnionPay team up on cross-border money movement into China

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Fintech founder charged with fraud

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Visa Acceptance Platform adds Tap to Pay on iPhone support

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PayPal appoints new CEO as results disappoint

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Fingerprint launches ecosystem to identify authorised agentic AI on the web

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PRA and FCA announce first Scale-up Unit cohort

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PRA and FCA announce first Scale-up Unit cohort

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Lydian enables crypto acceptance for Fiserv Clover merchants

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Incard raises £10m to build ‘financial OS’ for digital entrepreneurs

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APP reimbursement rates shoot up to cover 88% of claims

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