"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...

The fintech company behind Stripe payment processing and other financial services laid off almost half its personnel. Was it ...

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

The possibility that companies are spinning employees and investors and using AI as a shiny excuse for ugly layoffs has ...

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was ...

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

Block cut 40% of its workforce from a position of strength. Jack Dorsey says most CEOs are next. Here's the three-layer ...

Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...

Block’s “audacious” move ignites debate over whether the company is using AI as an excuse to walk back reckless hiring.

By Manya Saini and Arasu Kannagi Basil Feb 26 (Reuters) - Block on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul to embed artificial intelligence across ...