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, Inc. (XYZ) just delivered a "good" quarter, and the stock is up over 15% following news of a historic 40% headcount reduction. Yes, gross profit accelerated, and there is some encouraging news ...

When Block Inc. laid off nearly half its staff last week, co-founder Jack Dorsey offered a seemingly simple explanation: Artificial intelligence was allowing the company to do more with fewer ...

You're currently following this author! Want to unfollow? Unsubscribe via the link in your email. In the months before Block CEO Jack Dorsey laid off 40% of staff on Thursday, workers were embracing ...

Twitter founder and Block Inc (formerly Square) CEO Jack Dorsey announced late last month that his fintech venture was making “one of the hardest decisions in the history of our company” by “reducing ...

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 ...

Fintech company Block said Thursday that it’s cutting more than 4,000 workers or nearly half of its workforce as artificial intelligence disrupts the way people work. The Oakland parent company of ...