1814 ET - Block plans to hire more senior AI-engineering talent after it cuts 4,000 of its current workers, Chief Financial Officer Amrita Ahuja tells analysts on a call. The goal is to improve the company's engineering and product capabilities, Ahuja says. Block is also investing more in AI infrastructure and continuing to spend more in go-to-market to scale customer-acquisition efforts, she says. Ahuja says margins are expected to increase over the course of this fiscal year, but won't show up in the first quarter, as costs related to the job cuts will still be trickling through. (katherine.hamilton@wsj.com)

(END) Dow Jones Newswires

February 26, 2026 18:14 ET (23:14 GMT)

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