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Block, 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 than 4,000 employees. Dorsey alluded to ...

Block's stock surges 24% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App Jack Dorsey thinks other companies will follow Block with dramatic workforce cuts.

SAN FRANCISCO (KRON) — Block, the fintech company founded by former Twitter CEO, is laying off 8 percent of its staff, according to a report in TechCrunch. The layoffs will impact 931 people. About ...

Shares of Jack Dorsey led Block (XYZ) said on Thursday it will lay off more than 4000 people from its 10,000 people workforce, sending shares up 20% in extended hours of trading on Thursday. “We're ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Block Inc., the financial ...

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.

new video loaded: Block Uses A.I. as Excuse for Laying off 40% of the Company transcript The financial services company Block recently laid off nearly 40 percent of its employees. On “Hard Fork” from ...