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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 on Thursday said it will cut over 4,000 jobs, nearly half its workforce, ‌as advances in AI reshape how it builds and runs its business, sending its shares up 23% in after-hours trading. The ...

Block, which is run by billionaire Twitter co-founder Jack Dorsey, announced the abrupt decision today, which will leave some 4,000 workers out of a gig. “Today we’re making one of the hardest ...

Jack Dorsey isn’t wasting any time. The chairman and co-founder of Block XYZ-1.56%decrease; red down pointing triangle is cutting 40% of the payments company’s workforce, or more than 4,000 employees, ...

Block, the fintech group headed by Twitter co-founder Jack Dorsey, will cut its workforce by “nearly half” in one of the clearest signs of the sweeping changes AI tools are having on employment.

Feb 26 : Block on Thursday said it will cut over 4,000 jobs, nearly half its workforce, as part of an overhaul to embed artificial intelligence across its operations, sending shares of the payments ...

Want more stock market and economic analysis from Phil Rosen directly in your inbox? Subscribe to Opening Bell Daily’s newsletter. Wall Street is excited for Block to move forward with fewer humans ...

Jack Dorsey has axed thousands of workers at Block, the parent company of Cash App, Square and Afterpay, in a move signaling a major shift toward artificial intelligence. In a note to staff, Dorsey ...

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 ...

Jack Dorsey, CEO of fintech group Block, has admitted that the company overhired during the coronavirus pandemic, leading to the latest move that resulted in laying off half of the 10,000 workforce.