Block announces massive layoffs affecting over 4,000 jobs as the payments company pivots to AI-driven operations under CEO Jack Dorsey's leadership.

Group’s shares surge 25% as CEO says ‘most companies are late’ to realise how much technology will affect employment

The Twitter co-founder says artificial intelligence "fundamentally changes what it means to build and run a company."

Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half, in a move the financial technology firm is describing as a bet on artificial intelligence changing the

Shares are mostly higher in Europe and Asia after the worst day for Nvidia’s stock since last spring dragged the U.S. market lower. U.S. futures fell as investors focused on

Jack Dorsey's Block, a fintech company that owns Square and Cash App, is laying off nearly half of its workforce. Dorsey announced the layoffs on X, citing AI as the main reason behind the move. "Today we're making one of the hardest decisions in the history of our company: we're reducing our organization by nearly half,

Block stock jumped 20% after CEO Jack Dorsey announced 4,000 job cuts, citing AI as key to boosting efficiency and profitability. (Scripps News)

Twitter co-founder Jack Dorsey has fired nearly half the staff at his financial technology company, Block, as he goes fully in on artificial intelligence. Block, which owns payment service Cash App, went from more than 10,