Payment company Block has rehired some employees after laying off 4,000 workers. Some employees shared on LinkedIn that they received invitations to return to work. CEO Jack Dorsey previously acknowledged that the layoff decision may have been a mistake, stating the company underwent restructuring due to AI upgrades.

Payment company Block is recalling some employees after layoffs due to execution errors in the dismissal process. The company stated it laid off 4,000 employees to advance its AI transformation, but some employees have already received rehiring offers, indicating there is room for adjustment in the layoff decision. The CEO acknowledged potential misjudgment, similar layoff phenomena are increasing across the industry, talent structure reshaping is accelerating but faces uncertainties in the short term.

Visa Chief Product and Strategy Officer Jack Forestell stated that AI-powered intelligent networks represent a major opportunity for the payments industry, with AI agents expected to handle 15% to 25% of U.S. e-commerce transactions by 2030. AI will improve payment success rates, facilitate microtransactions, and advance digitalization of B2B payments, while Visa has launched the "Trusted Agent Protocol" to enhance security. Competition is intensifying, with market focus shifting toward underlying infrastructure and technical standards development.

The U.S. Congress has shown divisions in discussions regarding cryptocurrency tax policy, with the small transaction tax exemption proposal gradually applying only to stablecoins, triggering dissatisfaction among Bitcoin supporters. Industry leaders have clashed publicly over this, with the core of the debate centered on small transaction exemptions. Currently, cryptocurrencies are classified as property, and transactions require capital gains tax payments, resulting in high compliance costs.

Liquid Capital founder Jack Yi pointed out that Ethereum is worth paying attention to below $2000 and believes this year is suitable for preparing new funds and platforms. He emphasized that the development of AI brings innovative opportunities to the crypto industry, while also mentioning that team risk is the biggest challenge faced by the primary market.

On March 9, Musk posted a critique of Twitter's previous management as "crazy leftists," comparing them to the seducing king in "The Lord of the Rings." He mentioned that firing Jack Dorsey was a turning point and pointed out that Bret Taylor is now the Chairman of OpenAI, a person who once led negotiations for its acquisition of Twitter.

Solana ecosystem NFT marketplace MagicEden will cease supporting Ethereum Virtual Machine and Bitcoin markets starting March 9, with related services gradually shutting down. CEO Jack Lu stated that the NFT buyback program will be terminated, and resources will be redirected to online casinos and sports betting, while maintaining the profitable NFTPack product to focus on the development of crypto entertainment.

PANews February 27 News, according to The Bitcoin Historian, Jack Dorsey's payment company Block, Inc. has just disclosed that it increased its holdings by 340 Bitcoins in Q4 2025, worth $22 million.

This article summarizes cryptocurrency news as of February 27, 2026, focusing on the latest updates on Bitcoin, Ethereum upgrades, Dogecoin trends, real-time cryptocurrency prices, and price forecasts. Major Web3 events today include: 1. Warren sharply criticizes Trump's associated crypto company's bank license application, with World Liberty Financial facing a compliance storm; 2. Bitcoin ETF attracts $1 billion in three days, investors buy the dip; 3. Block's 40% layoffs spark controversy! Jack Dorsey spends $68.1 million on a party, with AI as a "scapegoat"?

Block faces controversy over high activity expenses and large-scale layoffs, with CEO Dorsey opting for rapid restructuring to adapt to the transformation. Although the stock price has risen, the practice of "AI-driven layoffs" has been questioned, and external criticism has been raised regarding corporate governance and financial decision-making. The company offers generous severance packages, and discussions focus on balancing corporate culture and operational responsibility.