The Block CEO says a structural misstep and pandemic-era overhiring were factors in big cuts at the firm this week.

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

Jack Dorsey is cutting thousands of jobs at Block to center the fintech giant on A.I., embedding tools like Goose, Square AI and MoneyBot across products.

Block cuts 4,000 jobs as Jack Dorsey pivots to an AI-driven model despite rising profits, signaling a broader tech shift toward smaller AI-powered teams.

After announcing sweeping job cuts, Block outlines its shift toward leaner operations and higher productivity goals, as Jack Dorsey addresses pandemic-era expansion, restructuring efforts, and renewed ...

Dorsey said he expects other companies to reduce their workforces as “intelligence tools” increase efficiency.

The fintech company behind Square and Cash App is slashing more than 4,000 jobs as AI has made that many people redundant.

Block (XYZ) shares surge 31% after announcing 4,000 job cuts and reporting Q4 gross profit of $2.87B, up 24% YoY. Details on the AI-driven restructuring.

Dorsey says most companies will soon restructure around AI tools. Jack Dorsey’s payments firm Block will lay off more than 4,000 employees, with the co-founder attributing the decision to the rapid ...

The layoffs at Block come just days after Citrini Research rattled markets with the publication of a blog post detailing a fictional scenario in which AI productivity tools were so powerful that they ...

But thanks to its tight embrace of artificial intelligence (AI) like most tech companies, Block has decided to fire 40% of ...

Block on Thursday said it will cut over 4,000 jobs — nearly half its workforce — as part of an overhaul to embed artificial intelligence across its operations, sending shares of the payments firm up ...