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Block, The CEO

Block CEO Jack Dorsey cites AI for layoff of nearly 50% of workers

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 is an Oakland-based online financial platform that has Square and Cash App under its wing.

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Block laying off 40 percent of staff, citing AI advancements

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Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

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Block shares soar as Dorsey leans on AI to trim workforce

Block (XYZ.N) shares soared more than 20% in premarket trading on Friday after it announced it would nearly halve its workforce as part of an overhaul to embed artificial intelligence tools across its...

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Block Cuts 40% of Its Work Force Because of Its Embrace of A.I.

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Jack Dorsey’s Block to Lay Off 40% of Its Workforce in AI Remake

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CEO Jack Dorsey issues a dire warning about AI's impact as he cuts Block by almost half

"A significantly smaller team using the tools we're building can do more and do it better. And intelligence tool capabilities are compounding faster every single week," Dorsey said

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Jack Dorsey’s Block to cut workforce by ‘nearly half’ as it leans on AI tools

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Block to Cut 4,000 Workers as AI Replaces Jobs -- Update

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Block plans to lay off nearly half its staff in ‘deliberate and bold’ embrace of AI

Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

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Block, the parent of Square and Cash App, is laying off over 4,000 people

Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in favor of using more AI tools. The financial tech company, helmed by Twitter founder Jack Dorsey,

Blockonomi

Block Earnings Jump as Square Eyes AI-Driven Growth

Block reports strong earnings, cuts workforce, and shifts to AI model as analysts say Square stands to benefit most.

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4 Reasons to Buy Block (Square) Stock Like There's No Tomorrow

The company formerly known as Square but changed its name to Block (NYSE: XYZ) is one of the more interesting companies you'll come across. It was a market darling during the COVID-19 pandemic, known for its merchant-friendly commerce and peer-to-peer ...

Block stock soars 20%+ after slashing headcount, delivering strong 2026 guidance

Block (XYZ) stock jumps 23% after strong Q1 and 2026 guidance. Get key earnings highlights, gross profit beats, and what’s next for Cash App and Square.

Block earnings on deck: Square GPV slowdown tests comeback hopes

The Oakland-based payments company, which operates the Square point-of-sale ecosystem for merchants and the Cash App consumer platform, has seen its shares trade near the lower end of their 52-week range of $44.