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

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

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

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

Block announced it will lay off 40% of its workforce as it shifts focus toward expanding its use of artificial intelligence.

The all-lowercase public letter to staff elaborates on why Dorsey slashed headcount at the fintech company by thousands—to ...

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

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.

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 ...

Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...