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.

The all-lowercase public letter to staff elaborates on why Dorsey slashed headcount at the fintech company by thousands—to ...

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 ...

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 ...

Block earned some praise for its "relatively generous" severance package. Here is a look at what other Big Tech companies have offered in the past.

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

The Block layoffs are just the beginning.

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.