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

Jack Dorsey says Block will cut over 40% of its workforce as shares surge 25% post earnings despite strong profit guidance.

The payments company will fire about 40% of its employees, with CEO Jack Dorsey attributing the move to the impact of artificial intelligence. While investors cheered the move, analysts also raised ...

Block reported first-quarter earnings after the bell that beat analysts' estimates. The company reported $5.96 billion in revenue, vs. $5.82 billion expected. Block, formerly known as Square, ...

Wall Street applauded Block's (XYZ) 2025 investor day, with one Wall Street analyst saying Thursday the company "delivered exactly what the market needed," and another calling the event a "positive ...

Payments fintech Block is planning another round of layoffs as the company continues to push cost-cutting efforts. Processing Content The layoffs come in tandem with the company's annual performance ...

Block (NYSE:XYZ) is scheduled to announce Q2 earnings on Thursday, August 7th, after market close, and a rebound in the performance of Cash App segment is likely to help the payments company beat ...

Block rose 7% Monday after S&P Global said the fintech company will replace Hess in the S&P 500. Passive funds are expected to buy around 101 million shares ahead of inclusion, according to Stephens ...