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 ...

The CEO of Block, Inc., announced layoffs of about half its workforce on Feb. 26, citing AI as the reason for the large cuts and warning the tech industry of a larger push towards AI. Jack Dorsey, CEO ...

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 XYZ3.28%increase; green up pointing triangle, 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 ...

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 ...

Add Yahoo as a preferred source to see more of our stories on Google. Block is the latest business to announce layoffs, with the operator of payment platforms Square and Cash App opting to cut jobs in ...

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 ...

Bloomberg News, citing sources familiar with the situation, stated on February 8, 2026, that Block, Inc. (NYSE:XYZ), Jack Dorsey’s fintech startup, is considering laying off as much as 10% of its ...

Jack Dorsey's Block (formerly Square) is reportedly planning a large-scale layoff in the coming days. As per the report, the financial services tech platform might cut down as much as 10 percent of ...

Block may cut up to 10% of staff during annual performance reviews ending in late February. This will be Block’s third large layoff round, following cuts in 2024 and 2025. Tether plans to hire 150 ...