After taking his company, Block Inc — formerly Square Inc — to a market cap of over $30 billion, billionaire entrepreneur Jack Dorsey has laid off nearly 40 percent of the fintech giant’s staff. In a ...

Four thousand jobs will go at Block after founder Jack Dorsey decided AI tools have “changed what it means to build and run a company”. The US payments giant which also owns point-of-sale technology ...

Software stocks have plunged this year on fears of AI disruption. Block seemed to confirm those fears by announcing mass layoffs as it pivoted AI. Software stocks fell on the news, but it's likely to ...

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 ...

Tech layoffs 2026: For thousands of white-collar workers, the future suddenly feels less certain. Jack Dorsey announced that Block, the parent company of Square and Cash App, will cut nearly half of ...

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 ...

Shares in company increased over 20% as investors were encouraged by CEO’s assertion that cuts will drive profits Sign up for the Breaking News US email to get newsletter alerts in your inbox Fintech ...

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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, Inc., the parent company of Square, Cash App and Afterpay, is cutting nearly 40% of its workforce as part of a strategic shift toward artificial intelligence and automation. The move will ...