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 ...

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 ...

Jack Dorsey believes A.I. will force most companies to rethink headcount, and he’s acting before the market does. MARCO BELLO/AFP via Getty Images Block, the parent company of Square and Cash App, has ...

Twitter co-founder Jack Dorsey says his technology firm Block is laying off almost half its workforce because artificial intelligence (AI) "fundamentally changes what it means to build and run a ...

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 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 ...

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 ...

Jack Dorsey’s Block Inc said it will cut more than 4,000 jobs, over 40% of its workforce, as part of a broad restructuring unveiled alongside its fourth-quarter and full-year 2025 earnings. Shares of ...

Jack Dorsey’s decision to lay off hundreds of employees and aggressively promote the use of artificial intelligence at his financial services company, Block Inc., has led to riled workers downgrading ...