Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday's ...

Block cuts 40% of its workforce as Jack Dorsey cites AI-driven restructuring, saying the company remains financially strong despite eliminating over 4,000 jobs ...

Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

Block announced it will lay off 40% of its workforce as it shifts focus toward expanding its use of artificial intelligence.

Current, former employees say AI cannot replace the thousands of workers made redundant in Block's major restructuring ...

Block’s 40% layoffs spark questions about AI’s role and overhiring. Here’s what the data shows about headcount, compliance ...

The layoffs were first announced in a shareholder letter on Thursday, after which CEO Dorsey shared the news on his handle on ...

The Arizona impact of Block Inc.'s massive layoffs is coming into focus. Block is the company behind fintech brands Square and Cash App.

Financial tech firm Block’s stock surged as much as 20% in Friday trading after its billionaire CEO Jack Dorsey revealed plans for sweeping layoffs and a full embrace of AI tools.

The company said the plan would cost it $450 million to $500 million in expenses and severance.