The possibility that companies are spinning employees and investors and using AI as a shiny excuse for ugly layoffs has ...

Block cut 40% of its workforce from a position of strength. Jack Dorsey says most CEOs are next. Here's the three-layer ...

The payments company will fire about 40% of its employees, with CEO Jack Dorsey attributing the move to the impact of artificial intelligence. While investors cheered the move, analysts also raised ...

Afterpay parent company Block is shedding 4,000 jobs – nearly half its workforce – as the tech giant goes all in on ...

The techie said that continuing to work at Block with a salary hike after seeing almost her entire team being laid off felt shameful and dehumanising.

Financial tech firm Block’s stock surged as much as 20% in Friday trading after its billionaire CEO Jack Dorsey revealed plans for sweeping layoffs and a full embrace of AI tools. Dorsey, best known ...

Jack Dorsey announced that his tech company Block was laying off 40% of its workforce, about 4,000 employees, due to AI ...

Block is cutting 4,000 jobs in a sweeping reset that signals a leaner, AI-driven future. Employees affected by the cuts were offered 20 weeks of salary, six months of healthcare coverage, and a $5,000 ...

Block slashes nearly half its workforce as Jack Dorsey credits AI tools for making thousands of roles redundant. Stock soars 22%.

Investors cheered Block's big layoffs, but the move also flicks at the tension between markets and the economy Citrini highligthed in its viral AI note.

Block (XYZ) was one of my top picks of 2025, and in spite of some ups and downs, it has disappointed this year. The stock appears to be favored as a proxy to trade fear of economic weakness, which has ...