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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.

Jack Dorsey's approach to layoffs at Block struck a different tone than other tech sector cuts. Block announced it will lay off roughly 40% of its employees, citing "intelligent tools." Dorsey offered ...

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 lays off over 4,000 employees, cutting its workforce by nearly half, CEO Jack Dorsey said. Jack Dorsey emphasized a shift toward smaller teams and intelligence tools at Block. Read the lengthy ...

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 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 ...