In September, payments firm Block Inc.XYZ0.64%increase; green up pointing triangle gathered 8,000 of its employees from around the globe to California for an extravaganza celebrating the company’s ...

Last week, Block, the payments and hardware company founded as Square by visionary and former Twitter co-founder Jack Dorsey, announced during its quarterly earnings call that it would cut around 40 ...

When Jack Dorsey announced last week that his fintech company Block was laying off 40% of its workforce due to AI, I immediately thought of two other newsmaking tech CEOs: Elon Musk laying off 80% of ...

Correspondent. "CBS News Sunday Morning" and "48 Hours" Tracy Smith is an award-winning correspondent for "CBS News Sunday Morning" and "48 Hours," who joined CBS News in 2000. Smith has covered a ...

Seven former Block workers say they used AI to varying degrees and weren't convinced it would replace them. CEO Jack Dorsey's decision to cut the workforce in half came as a shock. AI-driven layoffs ...

Frankenstein composer Alexandre Desplat knows one of his scores is working when it makes Guillermo del Toro cry. "He's very sensitive to music. Guillermo loves music," says Desplat, who won his second ...

BANGKOK — Shares in the financial technology company Block soared more than 20% in premarket trading Friday after its CEO announced it was laying off more than 4,000 of its 10,000 plus employees, ...

The Afterpay owner is cutting over 4,000 jobs and replacing them with AI. For the three months ended 31 December, Block reported a 24% increase in gross profit to US$2.87 billion. This was driven by a ...

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 just told Wall Street what many CEOs have been hinting at for months: the AI era isn’t only about productivity tools and reskilling. It’s about running large, profitable companies with far ...