The financial service company's workforce rails against co-founder's 10 percent staff cuts and promotion of AI tools ...

Block, the parent company of Square and the Cash App, is conducting a major reorganization in the age of artificial intelligence, and investors are rewarding the move. The payment-technology company ...

CEO cited AI advances in cutting 4,000 workers, but a weak crypto market and declining stock price may also be at play ...

Current, former employees say AI cannot replace the thousands of workers made redundant in Block's major restructuring ...

Add Yahoo as a preferred source to see more of our stories on Google. Block, the fintech company whose subsidiaries include Square, Cash App and Afterpay, is laying off staff at a tumultuous time for ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Dorsey's move to reduce Block's headcount from more than ...

The Arizona impact of Block Inc.'s massive layoffs is coming into focus. Block is the company behind fintech brands Square and Cash App.

Payments processing company Block is laying off 40% of its 10,000-person staff, CEO Jack Dorsey said in a memo. The tech company, which makes the Square payments product and Cash App, is downsizing ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. Preview this article 1 min Block currently employs around ...

Block XYZ-1.56%decrease; red down 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 XYZ4.99%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's stock surges 24% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App Jack Dorsey thinks other companies will follow Block with dramatic workforce cuts.