Payments company Block announced it’s laying off 40% of its staff. According to Chairman and founder Jack Dorsey: “This decision comes from a position of strength. Intelligence tools have changed what ...

Block said Thursday it is laying off more than 4,000 employees, or about half of its headcount. Layoff announcements among U.S. employers in January were the highest to start a year since 2009, ...

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 announced major layoffs at Block, cutting nearly half of its workforce. Dorsey said AI was behind the cuts, and the company's stock rose over 20% in after-hours trading. Tech and VC ...

Block XYZ1.16%increase; green up pointing triangle, the payments company founded by Jack Dorsey that includes Square and Cash App, said Thursday that it plans to lay off 40% of its workforce, or more ...

Jack Dorsey has long been an open admirer of Elon Musk. Now, it seems, he may have been taking notes. On Thursday, Dorsey announced that Block, the payments company he founded that operates Square, ...

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 ...

The company will shrink by more than 4,000 jobs. The company will shrink by more than 4,000 jobs. is a senior reporter covering technology, gaming, and more. He joined The Verge in 2019 after nearly ...

Block, the parent company of Square and the Cash App, is conducting a major reorganization in the age of artificial intelligence, and investors are rewarding the move. The payment-technology company ...

Block (XYZ) stock surged 23% in Thursday after-hours trading after the payment technology company announced that it's cutting its staff by ~40%. Meanwhile, the company issued strong guidance for 2026 ...

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 ...