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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 ...

Block's stock surged 19% after strong Q4 results and raised guidance, despite cutting 4,000 jobs (40% of its workforce). The company attributes these layoffs to AI tools, aiming for a leaner, ...

Copyright 2026 The Associated Press. All Rights Reserved. Copyright 2026 The Associated Press. All Rights Reserved. File- This photo taken Nov. 19, 2015, shows Square ...

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.

Block is cutting over 4,000 jobs, citing intelligence tools as the driving force behind one of the biggest restructurings in its history Jack Dorsey, Co-Founder and CEO of Block, has announced the ...

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 to cut over 4,000 jobs CEO says AI has changed how a company is run Stock surges 25% after market Analysts call cuts a "seminal moment" in AI era Feb 26 (Reuters) - Block (XYZ.N), opens new tab ...

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 ...

Block, the company behind Square, Cash App and Afterpay, is cutting its staff by 40%. The reason: “intelligence tools,” according to a letter to shareholders by co-founder Jack Dorsey. Dorsey thinks ...

Mayor Zohran Mamdani’s chief mouthpiece Joe Calvello is blocking X users from commenting on his posts – a move outraged advocates called a clear First Amendment violation. The bearded lefty press ...

Jake Rosen is a reporter covering the Department of Justice. He was previously a campaign digital reporter covering President Trump's 2024 campaign and also served as an associate producer for "Face ...