Block said Thursday it's laying off more than 4,000 employees, or about half of its head count.

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

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

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

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

Block's recent headcount reduction and accelerating profitability improvements position the stock for further gains, ...

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 ...

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.

Block’s “audacious” move ignites debate over whether the company is using AI as an excuse to walk back reckless hiring.

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 ...