Last month, Block announced a 40% staff reduction — renewing fears about AI's impact on employment. Marc Benioff, the CEO of Salesforce, said Block "has its own unique issues." Benioff's views ...

Seven former Block workers say they used AI to varying degrees and weren't convinced it would replace them. CEO Jack Dorsey's decision to cut the workforce in half came as a shock. AI-driven layoffs ...

(KRON) — Block stock soared almost 24% in after-hours trading Thursday after the company’s CEO Jack Dorsey announced the fintech company was laying off nearly half its staff. The massive layoffs, ...

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 ...

Block on Thursday announced that it will cut nearly half of its workforce as the payments firm works to embed artificial intelligence (AI) throughout its operations. The layoffs will affect over 4,000 ...

Prefer Newsweek on Google to see more of our trusted coverage when you search. In a lengthy note shared on X, the Block co‑founder said the company will shrink from more than 10,000 employees to just ...

Jack Dorsey is one of the most consequential entrepreneurs of his generation. When someone with that track record says A.I. is about to reshape every company in America, and then proves he means it by ...

Block, which owns payment service Cash App, went from more than 10,000 employees to just under 6,000 Thursday in what Dorsey called “one of the hardest decisions in the history of our company.” “We're ...

Reports reveal that Jack Dorsey’s September 2025 in-person company event cost a staggering $68.1 million, roughly equivalent to the annual payroll for 200 employees, only to be followed five months ...

Twitter co-founder Jack Dorsey says his technology firm Block is laying off almost half its workforce because artificial intelligence (AI) "fundamentally changes what it means to build and run a ...

Jack Dorsey, CEO of Block Inc, is not only laying off nearly half of the company’s workforce, but he wants investors to think he’s an AI-focused trailblazer for doing so. In a letter to shareholders ...

Block (XYZ) announced on Thursday that it's slashing its headcount by more than 40% because intelligent technology means fewer people can do more. The company's stock jumped 24% with the news. Block ...