About 4,000 workers will lose their jobs as the payments company does more work with new artificial intelligence tools, its ...

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.

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

By Utkarsh Shetti and Manya Saini Feb 27 (Reuters) - Block shares soared more than 16% on Friday after the fintech firm ...

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.

Jack Dorsey’s Block is cutting 4,000 employees, reducing its workforce by nearly half, in a move the financial technology ...

Group’s shares surge 25% as CEO says ‘most companies are late’ to realise how much technology will affect employment ...

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

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 ...

The CEO of Block, Inc., announced layoffs of about half its workforce on Feb. 26, citing AI as the reason for the large cuts ...

Block is cutting over 4,000 jobs, citing intelligence tools as the driving force behind one of the biggest restructurings in ...

Smart people in tech and VC say Jack Dorsey's Block layoffs are "the canary in the coal mine" when it comes to AI job cuts.