Block shares soar as much as 24% as company slashes workforce by nearly half

"Today we shared a difficult decision with our team," Jack Dorsey, Block's co-founder and CEO, wrote in a letter to ...

Block Fired 40% of its People. Wall St. Cheered. It’s Just the Start.

Block cut 40% of its workforce from a position of strength. Jack Dorsey says most CEOs are next. Here's the three-layer ...

Block Stock Pops 16% On 40% Layoffs. Where AIpocalypse May Strike Next

Block beat views on growth in its consumer lending unit as writeoffs soared. With 40% of workers out, can AI replace them? If others follow, it could be AIpocalypse now.

Block lays off nearly half its staff because of AI. Its CEO said most companies will do the same

Block, the company behind Square, Cashapp and Afterpay, is proactively slashing 40% of its workforce because of advances in AI. Will other companies follow suit? Tech expert Lance Ulanoff tells CNN’s ...

Explained: What is Block, the fin-tech company cutting 4,000 jobs in one go

Jack Dorsey’s fin-tech giant Block is laying off 4,000 workers as it leans on AI to streamline operations, but what exactly does this company do? Let’s find out here.
Observer

Jack Dorsey Cut Half of Block’s Workforce and Wall Street Threw a Party

Jack Dorsey is one of the most consequential entrepreneurs of his generation. When someone with that track record says A.I.
Chicago Tribune

Gary gives out Love Your Block grants; recipients begin work

The corner of 25th Avenue and Washington Street in Gary might be an empty grass lot, but soon, Candice Anderson and C3 Commons will transform the space into a zone celebrating public art and wellness.