"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...

Current, former employees say AI cannot replace the thousands of workers made redundant in Block's major restructuring ...

Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

Block cuts 40% of its workforce as Jack Dorsey cites AI-driven restructuring, saying the company remains financially strong despite eliminating over 4,000 jobs ...

Block announced it will lay off 40% of its workforce as it shifts focus toward expanding its use of artificial intelligence. CEO Jack Dorsey said the company remains financially strong but believes AI ...

Block’s 40% layoffs spark questions about AI’s role and overhiring. Here’s what the data shows about headcount, compliance ...

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it ...

Block earned some praise for its "relatively generous" severance package. Here is a look at what other Big Tech companies ...

SAN FRANCISCO (KRON) — Block, the fintech company founded by former Twitter CEO, is laying off 8 percent of its staff, according to a report in TechCrunch. The layoffs will impact 931 people. About ...

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.

Oakland-based Block Inc. is set to layoff over 4,000 employees and its CEO cited AI as the reason.

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by ...