Shares of Block surged Friday after the fintech company announced plans to lay off nearly half of its staff. Almost 30,000 people across 45 tech companies have been laid off since the start of the ...

Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout its operations. The layoffs will affect over 4,000 ...

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.

Feb 27 (Reuters) - Block (XYZ.N), opens new tab shares soared more than 16% on Friday after the fintech firm announced it would nearly halve its workforce as part of an overhaul to embed artificial ...

Block's 'audacious' move ignites debate over whether the company is using AI as an excuse to walk back reckless hiring Block is the parent company of Square and the Cash App. Block's stock is ...

Block, the company behind Square, Cash App, and Afterpay, has joined the growing list of tech firms blaming artificial intelligence for sweeping job cuts. On Thursday, founder and CEO Jack Dorsey ...

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 Inc. (Nasdaq: XYZ), Jack Dorsey's Bitcoin-centric fintech company reported the financial results for Q4 2025 on Feb. 26. The company generated adjusted earnings per share (EPS) of $0.65 on ...

Shares of Block are surging in after-hours as the company said it will cut more than 4,000 employees. Block, Inc. will cut more than 4,000 employees, reducing its workforce by nearly half as the ...

About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its top executive said. By Natallie Rocha Reporting from San Francisco Block, ...

Oakland-based Block, the Jack Dorsey-run tech giant behind Square and Cash App, is laying off almost half its sprawling workforce — and Dorsey delivered the news with a giant warning for the rest of ...