Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...

Block said Thursday it's laying off more than 4,000 employees, or about half of its head count. Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly ...

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 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 ...

Jack Dorsey believes A.I. will force most companies to rethink headcount, and he’s acting before the market does. MARCO BELLO/AFP via Getty Images Block, the parent company of Square and Cash App, has ...

Block CEO Jack Dorsey has announced a radical restructuring that will see nearly half of the company’s workforce made redundant. Shares surged by 23.5% in after-hours trading. In a move that has sent ...

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 ...

Block, the company behind Square, Cash App and Afterpay, is cutting about 40% of its workforce. That means more than 4,000 people will lose their jobs, bringing the total number of employees down from ...

The company will shrink by more than 4,000 jobs. The company will shrink by more than 4,000 jobs. is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly ...

Block's latest strategic decision is fueling fears that people might have about an AI doom scenario. Shareholders appear to be more bullish, as analysts expect adjusted diluted earnings per share to ...

(Bloomberg) --Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half, in a move the financial technology firm is describing as a bet on artificial intelligence changing ...

Block shows robust profit growth, rising Cash App engagement, and a bold shift to a leaner, AI-powered model for 2026. Block announced a major restructuring, reducing its workforce by over 40%—from ...