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

The fintech company behind Stripe payment processing and other financial services laid off almost half its personnel. Was it ...

The possibility that companies are spinning employees and investors and using AI as a shiny excuse for ugly layoffs has ...

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

Jack Dorsey, CEO and co-founder of Block, announced in a letter to shareholders that the Oakland-based financial company was ...

Dorsey made the call. Markets answered ...

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

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 ...

Block last week cut 40% of its staff and attributed the layoffs to artificial intelligence, leaving many to wonder whether ...

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.

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