Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday's ...

Block cuts 40% of its workforce as Jack Dorsey cites AI-driven restructuring, saying the company remains financially strong despite eliminating over 4,000 jobs ...

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it ...

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.

Current, former employees say AI cannot replace the thousands of workers made redundant in Block's major restructuring ...

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was laying off more than 4,000 employees, or about 40% of its workforce. Block ...

The layoffs were first announced in a shareholder letter on Thursday, after which CEO Dorsey shared the news on his handle on X. It also coincided with the company’s December quarter results, in which ...

SAN FRANCISCO (KRON) — Block, the fintech company founded by former Twitter CEO, is laying off 8 percent of its staff, according to a report in TechCrunch. The layoffs will impact 931 people. About ...

The company said the plan would cost it $450 million to $500 million in expenses and severance.