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Block’s stock surges 20% as Wall Street rewards massive job cuts at the parent company of Square and the Cash App.

The company plans to off thousands of people as AI changes the way people work.

Block, the parent company of payment apps Square, Cash App and Afterpay, is laying off more than 40 percent of its staff, pointing to recent advancements in AI that are “enabling a new way of working.

AI project stalled? Blame your outdated, fragmented workflow - and redesign it now ...

Jack Dorsey's Block, a fintech company that owns Square and Cash App, is laying off nearly half of its workforce. Dorsey ...