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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 ...

This post originally appeared in the Business Insider Today newsletter. You can sign up for Business Insider's daily newsletter here. Block be nimble/Block be quick/Jack thinks cutting nearly half his ...

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 ...

Shares of Block Inc. surged more than 23% in late trading today after the financial services company announced that it was laying off more than 4,000 people from its approximately 10,000-person ...

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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 ...

PayPal reported fourth-quarter 2025 revenue of $8.68 billion, up 4% year over year but missing the analyst consensus estimate of $8.80 billion. The Venmo parent also posted adjusted earnings per share ...

Block said it expects annual gross profit growth through 2028 to be in the mid-teens, with adjusted operating income climbing about 30% annually. The company also expanded its share repurchase program ...

Block Inc (NYSE: XYZ) shares are trading higher Wednesday afternoon after the fintech company unveiled a three-year financial outlook at its 2025 Investor Day. What To Know: The company outlined a ...

Excavated with colonial labor and shipped to the Netherlands, the famous fossil is being repatriated to Indonesia along with 28,000 other fossils. The skull cap of 'Java Man' was discovered by Eugène ...

Block launched in 2009 as a payment solutions software company called Square. The company later renamed itself to reflect its broader focus. But Square -- with a suite of financial tools for small ...