CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play Jack Dorsey cited AI as the driving force behind cutting 40% of his company’s ...

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Block's stock surged 19% after strong Q4 results and raised guidance, despite cutting 4,000 jobs (40% of its workforce). The company attributes these layoffs to AI tools, aiming for a leaner, ...

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, Jack Dorsey's payments company, will cut 4,000 of its 10,000 workers as it embraces AI. CNBC's Steve Sedgwick says it's "time we got better answers" to questions about what jobs the technology ...

Jack Dorsey announced major layoffs at Block, cutting nearly half of its workforce. Dorsey said AI was behind the cuts, and the company's stock rose over 20% in after-hours trading. Tech and VC ...

Jack Dorsey's Block, a fintech company that owns Square and Cash App, is laying off nearly half of its workforce. Dorsey announced the layoffs on X, citing AI as the main reason behind the move.

This is read by an automated voice. Please report any issues or inconsistencies here. Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as ...

Block to cut over 4,000 jobs CEO says AI has changed how a company is run Stock surges 25% after market Analysts call cuts a "seminal moment" in AI era Feb 26 (Reuters) - Block (XYZ.N), opens new tab ...

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said. By Natallie Rocha Reporting from San Francisco Block, ...

WASHINGTON — The U.S. Senate voted Thursday to block the DC Council's decision to divorce from some of the tax breaks included in President Donald Trump's One Big Beautiful bill. The 49-47 vote ...