Shares of the payment company skyrocketed as much as 24% in extended trading. It was last seen up nearly 18% in Friday's ...

The company said the plan would cost it $450 million to $500 million in expenses and severance.

Block cuts 40% of its workforce as Jack Dorsey cites AI-driven restructuring, saying the company remains financially strong despite eliminating over 4,000 jobs ...

Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it ...

Financial tech firm Block’s stock surged as much as 20% in Friday trading after its billionaire CEO Jack Dorsey revealed plans for sweeping layoffs and a full embrace of AI tools. Dorsey, best known ...

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

SAN FRANCISCO (KRON) — Block, the fintech company founded by former Twitter CEO, is laying off 8 percent of its staff, according to a report in TechCrunch. The layoffs will impact 931 people. About ...

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 ...

Just one month into 2024 PayPal and Block have culled their staff numbers, leaving Australian tech employees nervous for the future of their jobs. Two fintechs overnight retrenched about 3500 workers ...

The layoffs were first announced in a shareholder letter on Thursday, after which CEO Dorsey shared the news on his handle on X. It also coincided with the company’s December quarter results, in which ...